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Eastman Chemical sells Batesville plant

By:

Updated: April 17, 2007

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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