Eastman acquires Marlotherm from Sasol
Apr 1, 2019 at 2:55 PM
KINGSPORT — Eastman Chemical Co. announced Monday that it has acquired from Sasol, a global chemical and energy company, the Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts.
This acquisition enables Eastman to expand its heat transfer fluids product offerings to customers around the globe. Terms of the transaction were not disclosed.
“With this acquisition, Eastman adds a complementary and profitable heat transfer fluid product line that aligns well with our existing offerings,” said Mahendra Dorairaj, vice president and general manager of Eastman’s Specialty Fluids & Energy and Adhesives. “Marlotherm is a proven product and brand in heat transfer fluids with significant application expertise. This acquisition expedites our strategy and is consistent with our objective of delivering superior value through disciplined capital allocation including bolt-on acquisitions.”
This new heat transfer product line will become a part of Eastman’s Specialty Fluids business in the Additives & Functional Products segment.
Eastman is a global specialty chemicals company based in Kingsport.
For more go to www.eastman.com.