US EditionEastman to sell Texas City Operations for $490 million
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Eastman to sell Texas City Operations for $490 million
KINGSPORT, Tenn. (WJHL) — Eastman Chemical Company announced Thursday a definitive agreement to sell its Texas City Operations for $490 million to INEOS Acetyls, a global manufacturer of acetic acid and related chemicals. The Kingsport-based company will retain ownership of its plasticizer business at the Texas City, Texas site, which will be operated by INEOS. The two companies also plan to explore a long-term agreement for supplying vinyl acet…
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