Eastman Chemical Co. recently announced it has acquired Scandiflex do Brasil S.A. Indústrias Químicas, a manufacturer of plasticizers located in Mauá, São Paulo, Brazil. The acquired Scandiflex plasticizer business and manufacturing capabilities are now part of Eastman’s Performance Chemicals and Intermediates (PCI) segment.
With 2010 sales revenue of $54 million, Scandiflex’s manufacturing capabilities and customer relationships in Brazil will reportedly enable Eastman to accelerate growth of its PCI segment’s non-phthalate plasticizer business in the Latin America region. In addition to regional diversification of both sales and manufacturing, Scandiflex also brings several complementary non-phthalate products to Eastman’s portfolio of plasticizer products.
“This acquisition is an important next step in our global growth strategy and positions us to grow as demand increases in Latin America for non-phthalate plasticizer products,” said Ron Lindsay, executive vice president for Performance Chemicals and Intermediates and Fibers. “I am confident that Scandiflex’s strong customer connect and reputation as a reliable supplier in the Latin America market will provide us additional opportunities for future growth in this fast-expanding region.”
For more information, visitwww.scandiflex.com.brorwww.eastman.com.
Eastman Acquires Scandiflex, Expands Plasticizer Business
September 12, 2011