Eastman, Hercules Sign Definitive Agreement for Acquisition
Eastman Chemical and Hercules have announced that the companies or their subsidiaries have signed a definitive agreement.
KINGSPORT, Tenn. — Eastman Chemical Co., Kingsport, Tenn., and Hercules Inc., Wilmington, Del., have announced that the companies or their subsidiaries have signed a definitive agreement by which Eastman will acquire Hercules’ hydrocarbon resins and select portions of the rosins resins businesses.
“The businesses we’re acquiring from Hercules will allow us to offer our customers a broader range of products and services in the adhesives industry for end uses such as nonwovens, packaging, and tapes and labels,” said Earnest W. Deavenport Jr., Eastman chairman and chief executive officer.