USA: Heat Transfer Fluids Eastman Acquires Sasol's Marlotherm
The deal will assist Eastman to strengthen and expand its heat transfer fluids product offerings across the globe. The new product line is also expected to become a part of the firm’s Specialty Fluids business in the Additives & Functional Products segment.
Tennessee/USA – Eastman Chemical Company has recently announced that it has acquired from Sasol the Marlotherm heat transfer fluids manufacturing assets located in Germany and related formulations, intellectual property and customer contracts. This acquisition enables Eastman to expand its heat transfer fluids product offerings to customers around the globe. Terms of the transaction were not disclosed.
“With this acquisition, Eastman adds a complementary and profitable heat transfer fluid product line that aligns well with our existing offerings,” said Mahendra Dorairaj, vice president and general manager of Specialty Fluids & Energy and Adhesives. “Marlotherm is a proven product and brand in heat transfer fluids with significant application expertise. This acquisition expedites our strategy and is consistent with our objective of delivering superior value through disciplined capital allocation including bolt-on acquisitions.”
This new heat transfer product line will become a part of Eastman’s Specialty Fluids business in the Additives & Functional Products segment.