# Eastman completes sale of adhesives resins business to Synthomer

Eastman Chemical Company completed the sale of its adhesives resins business to Synthomer plc for $1 billion in cash. The sale included hydrocarbon resins, pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines.

- Type: Acquisition
- Announced: 2022-03-31
- Where: Kingsport, Tennessee, United States
- Value: $1.00B
- Status: completed
- Products: hydrocarbon resins, pure monomer resins, polyolefin polymers, rosins and dispersions, oleochemical and fatty-acid based resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Eastman Chemical](https://endata.com/companies/7789.md) (partner)
- [Eastman Chemical](https://endata.com/companies/7789.md) (target)
- [Eastman](https://endata.com/companies/8235.md) (target)
- [Synthomer](https://endata.com/companies/22247.md) (acquirer)

## Sources

- [eastman.com](https://www.eastman.com/en/media-center/news-stories/2022/sale-adhesives-resins-business-completion), 2022-03-31: "Eastman Chemical Company announced that it and certain of its subsidiaries have completed the previously reported sale of its adhesives resins business to Synthomer plc"
- [marketscreener.com](https://www.marketscreener.com/quote/stock/SYNTHOMER-PLC-4002472/news/Synthomer-plc-completed-the-acquisition-of-Adhesive-Resins-business-of-Eastman-Chemical-Company-39945302/), 2022-03-31: "Synthomer plc completed the acquisition of Adhesive Resins business of Eastman Chemical Company."
- [synthomer.com](https://www.synthomer.com/media/company-news/2022/completion-of-adhesives-acquisition/), 2022-04-01: "Synthomer plc today announces that it has now completed the $1bn acquisition of Eastman’s Adhesive Resins business."
- [industryintel.com](https://www.industryintel.com/news/eastman-chemical-completes-sale-of-adhesives-resins-business-to-synthomer-for-us-1b-in-cash-sale-includes-hydrocarbon-resins-including-eastman-impera-tire-resins-pure-monomer-resins-polyolefin-polymers-rosins-dispersions-and-more-157062894192), 2022-04-01: "Eastman Chemical Company announced that it and certain of its subsidiaries have completed the previously reported sale of its adhesives resins business to Synthomer plc."
- [designworldonline.com](https://www.designworldonline.com/eastman-completes-sale-of-its-adhesives-resins-business/), 2022-04-04: "Acquiring adhesive resins delivers on that ambition, giving us a leading position in the growing global adhesives market and extending our portfolio of differentiated products and sustainable solutions."
- [rubberworld.com](https://rubberworld.com/eastman-completes-sale-of-adhesive-resin-business-to-synthomer/), 2022-04-14: "Eastman Chemical Company announced that it and certain of its subsidiaries have completed the previously reported sale of its adhesives resins business to Synthomer plc."

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