Eastman Chemical Co. has purchased window film maker Commonwealth Laminating & Coating Inc. for an undisclosed price.
Martinsville, Va.-based Commonwealth, which had 2013 sales revenue of approximately US$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, and nine sales distribution centers that serve the global market.
“This acquisition will allow Eastman to gain efficiencies through enhanced utilization of manufacturing assets,” said Travis Smith, vice president and general manager, performance films, with Kingsport, Tenn.-based Eastman. “It will also enable Eastman to better serve the window and protective films’ broad and diverse customer base while complementing our strategies to increase consumer adoption and use of window films globally.”
Following the completion of the transaction, the acquired business will become part of Eastman's advanced materials segment.