DuPont acquires Eastman high performance plastics business
DuPont Engineering Polymers (Wilmington, DE) has acquired parts of the high-performance crystalline plastics busine...
March 6, 2003 by Canadian Plastics
DuPont Engineering Polymers (Wilmington, DE) has acquired parts of the high-performance crystalline plastics business of Eastman Chemical Company (Kingsport, TN). The business includes Eastman’s Titan LCP liquid crystal polymers, and Thermx PCT and Thermx EG reinforced PET thermoplastic polyester resins.
“The acquisition fits well with the current DuPont offering in the automotive and electrical/electronics industries . . . and the businesses can be quickly and fully integrated into our operations,” said Terry Caloghiris, v-p and general manager of DuPont Engineering Polymers
The Eastman product lines will fit into the DuPont portfolio in different ways: Titan LCP will be integrated into the DuPont Zenite LCP offering; Thermx PCT will be a distinctive new product line for DuPont, offering higher temperature capability for applications requiring the dimensional stability of thermoplastic polyester. Thermx EG series PET polyester resins will be integrated into the DuPont family of Rynite thermoplastic polyester resins for uses in the automotive, electrical/electronics, appliance and other industries
DuPont is acquiring the technology rights and other business intellectual property, including formulations and marketing information, however, the deal does not include physical assets or personnel. Specifics were not disclosed