Eastman Acquires Paint Protection and Window Film Manufacturing Firm

Business Plan Eastman Acquires Paint Protection and Window Film Manufacturing Firm

2023-02-06 Source: Press release Eastman 1 min Reading Time

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Dalian Ai-Red Technology which caters to the auto and architectural markets in the Asia Pacific region has been acquired by Eastman. With this move, the company aims to further strengthen its position in China and the region.

This acquisition demonstrates Eastman’s commitment to driving growth in performance films and the paint protection and window film markets. (Source: Eastman) — This acquisition demonstrates Eastman’s commitment to driving growth in performance films and the paint protection and window film markets.
(Source: Eastman)

Tennessee/USA – Eastman Chemical Company has acquired Ai-Red Technology (Dalian) Co., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.

This acquisition demonstrates Eastman’s commitment to driving growth in performance films and the paint protection and window film markets. The investment further strengthens the company’s ability to deliver consistent, superior value as a specialty materials company and expands the service level in China and the Asia Pacific region. This site will align with Eastman Performance Films operations and its high standard of quality supply into the market.

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“This acquisition provides additional capacity to serve the growing demand for our paint protection and window film products and creates additional capacity for innovation and product scale-up from our existing operations,” said Erin Bernhardt, vice president and general manager of the Performance Films business of Eastman’s Advanced Materials segment. “By adding this capacity and team to Eastman’s industry-leading team, technologies, and brands, we expect to accelerate an already aggressive growth trajectory in automotive and architectural aftermarket films.”

Terms of the agreement were not disclosed.

(ID:49051967)

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