KINGSPORT, Tennessee., April 3, 2014 – The U.S. Environmental Protection Agency (EPA) has recognized Eastman Chemical Company (NYSE:EMN) with a 2014 ENERGY STAR® Partner of the Year – Sustained Excellence Award for continued leadership in superior energy management. Through its partnership with the ENERGY STAR program, Eastman has improved its energy performance, saved money and helped to protect the environment for future generations. Eastman is the first chemical company to receive the ENERGY STAR Partner of the Year – Sustained Excellence Award, EPA’s highest ENERGY STAR award. Eastman was previously named ENERGY STAR Partner of the Year in 2012 and 2013, the only chemical company to receive the award more than once. In choosing Eastman for its highest honor, the EPA recognized the company for the speed of maturity and richness of its energy management program. “It is truly an honor to be recognized by the EPA with the ENERGY STAR Partner of the [...]
Acquisition will enable Eastman to gain manufacturing efficiencies and expand Performance Films’ product offerings and customer base. KINGSPORT, Tennessee, March 13, 2014 – Eastman Chemical Company (NYSE:EMN) today announced that it has entered into a definitive agreement to acquire Commonwealth Laminating and Coating, Inc. The company, which had 2013 sales revenue of approximately $100 million, is an independent manufacturer and global marketer and distributor of window films and specialty films for automotive, architectural, and protective applications. The acquisition will include Commonwealth’s manufacturing facility and master distribution center in Martinsville, Virginia, and nine sales distribution centers that serve the global market. “With Commonwealth, Eastman extends our Performance Films global offerings for solar control window film and protective film applications. Adding Commonwealth supports our strategy of providing targeted and effective product, brand, and service solutions to meet the specific needs of our global, diverse customers and end-users,” said Brad Lich, executive vice president. With the addition of [...]
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