Eastman buys Scandiflex to expand Latin American business

In a move to build its business in Latin America, Eastman Chemical Company has acquired Scandiflex do Brasil S.A. Indústrias Químicas, a manufacturer of plasticizers located in Maua, Sao Paulo, Brazil.

The acquired Scandiflex plasticizer business and manufacturing capabilities are now part of Eastman’s Performance Chemicals and Intermediates (PCI) segment.

Terms of the transaction were not disclosed. 

Scandiflex reported 2010 sales revenue of US$54 million.

According to Kingsport, Tenn.-based Eastman, Scandiflex’s manufacturing capabilities and customer relationships in Brazil will help Eastman accelerate growth of its PCI segment’s non-phthalate plasticizer business in the Latin America region. In addition to regional diversification of both sales and manufacturing, Scandiflex also brings several non-phthalate products to Eastman’s broad portfolio of plasticizer products. 

“This acquisition is an important next step in our global growth strategy and positions us to grow as demand increases in Latin America for non-phthalate plasticizer products,” said Ron Lindsay, Eastman’s executive vice president, performance chemicals and intermediates and fibers. “I am confident that Scandiflex’s strong customer connect and reputation as a reliable supplier in the Latin America market will provide us additional opportunities for future growth in this fast expanding region.”