# Eastman to sell Texas City operations to INEOS Acetyls for $490M

Eastman Chemical Company announced a definitive agreement to sell its Texas City Operations in Texas City, Texas, to INEOS Acetyls for $490 million. Eastman will retain its plasticizer business at the site, which INEOS will operate.

- Type: Acquisition
- Announced: 2023-09-28
- Where: Texas City, Texas, United States
- Value: $490.0M
- Status: announced
- Products: acetic acid, vinyl acetate monomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Eastman Chemical](https://endata.com/companies/7789.md)
- [INEOS Acetyls](https://endata.com/companies/72912.md) (target)

## Sources

- [eastman.com](https://www.eastman.com/en/media-center/news-stories/2023/sell-texas-city-ineos-acetyles), 2023-09-28: "We are happy to have reached this agreement with INEOS."

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