# Eastman Chemical sells adhesives resins business to Synthomer for $1B

Eastman Chemical agreed to sell its adhesives resins business to Synthomer for $1 billion. The sale includes tire resins, polyolefin resins, rosins, and other chemicals used in tapes, labels, packaging, hygiene, construction, and tire markets.

- Type: Acquisition
- Announced: 2021-10-28
- Where: United States
- Value: $1.00B
- Status: announced
- Products: adhesive resins, tire resins, polyolefin resins, rosins, hydrocarbon resins, non-hydrocarbon resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [thecolumn.co](https://thecolumn.co/archive/2021-11-01/), 2021-11-01: "this sale is part of our effort to improve the performance of the Additives & Functional Products segment"
- [european-rubber-journal.com](https://www.european-rubber-journal.com/article/2090694/synthomer-to-acquire-eastman-s-adhesives-business-in-1bn-deal), 2021-11-04: "Synthomer plc has agreed to acquire the adhesive resins business of Eastman Chemical Co. for an enterprise value of $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.