breaking news
Included in the sale are Eastman`s Batesville, Ark., manufacturing facility and its related assets and product lines that had been a part of the company`s performance chemicals and intermediates segment.
The facility, which has approximately 400 employees, manufactures specialty organic chemicals products and has a growing presence in the biodiesel market. The sale is for a purchase price of $75 million.
In July 2006, Eastman announced plans to sell the site because the growth opportunities for the site did not fit with the company`s focus of driving growth in its core businesses.
(Copyright 2006 Newsroom Solutions, LLC)
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