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US Eastman Chemical takes over Genovique in Northeast Estonia
Juhan Tere, BC, Tallinn, 21.05.2010.
Print version
Print versionUS chemical group Eastman Chemical Company completed the acquisition of an enterprise – producer of specialty plasticizers Genovique Specialties Corporation with manufacturing site in Kohtla-Järve in Estonia, LETA/BBN reports.
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The plant earlier belonged to Velsicol Chemical Corp. that in 2008 was rebranded as Genovique Specialties Corp. as a result of the acquisition of Velsicol by Arsenal Capital Partners. In May 2010, Arsenal Capital Partners sold Genovique Specialties Corporation to Eastman Chemical Company.
Genovique has manufacturing sites in North America, Europe and Asia.
Eastman has annual sales of $5 billion.
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