# Eastman Chemical acquires Knowlton Technologies

Eastman Chemical Company acquired Knowlton Technologies, LLC, a wet-laid media prototyping and non-woven materials company located in Watertown, New York. The acquisition was advised by Grace Matthews.

- Type: Acquisition
- Announced: 2021-10-13
- Where: Watertown, New York, United States
- Value: $1.00B
- Jobs: 650
- Status: completed
- Products: wet-laid media, non-woven materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Eastman Chemical](https://endata.com/companies/7789.md)
- [Eastman Chemical](https://endata.com/companies/7789.md) (acquirer)
- [Eastman Chemical](https://endata.com/companies/7789.md) (target)
- [Synthomer](https://endata.com/companies/22247.md) (acquirer)
- [Knowlton Technologies](https://endata.com/companies/58377.md) (target)

## Sources

- [gracematthews.com](https://gracematthews.com/transactions/eastman-chemical/), 2021-10-13: "Eastman’s interest was driven by Knowlton’s technical capabilities in wet-laid media prototyping and formulation expertise in non-woven materials."
- [eastman.com](https://www.eastman.com/en/media-center/news-stories/2021/adhesives-resins-business-product-lines-sale), 2021-10-27: "Eastman Chemical Company announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1 billion dollars."
- [markets.ft.com](https://markets.ft.com/data/announce/full?dockey=1323-15190093-7GLEUTDVGE5MHB0AIF2EIJM8N7), 2021-10-28: "The Acquisition of Adhesive Technologies will bring significant benefits to Synthomer, including well-invested assets with a global leading position in adhesives."
- [reuters.com](https://www.reuters.com/legal/transactional/synthomer-buys-eastmans-adhesive-resins-unit-1-bln-2021-10-28/), 2021-10-28: "Synthomer buys Eastman's adhesive resins unit for $1 bln"
- [chemweek.mydigitalpublication.com](https://chemweek.mydigitalpublication.com/articles/synthomer-to-buy-eastman-s-adhesives-resins-unit-for-1-billion), 2021-11-04: "Eastman Chemical has entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer for $1 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.