Eastman Chemical Company has completed the acquisition of Commonwealth Laminating & Coating, Inc. The acquired business is part of Eastman’s Advanced Materials business segment, and is expected to be accretive to 2015 earnings excluding acquisition-related costs and charges.
“This acquisition will help us better serve the broad and diverse customer base for window and protective films while supporting expansion of our product offerings and the use of window films,” said Brad Lich, executive vice president. “We’re also very excited about adding the SunTek brand to our performance films products portfolio.”
“Eastman is committed to providing continued superior products, service, and support to customers worldwide as we integrate these two businesses,” said Travis Smith, vice president and general manager, performance films. “We’re excited to bring Commonwealth employees together with our world-class global performance films team to benefit customers and support our growth."
Commonwealth had 2013 sales revenue of approximately $100 million. The acquisition includes Commonwealth’s manufacturing facility and master distribution center in Martinsville, Virgina and nine sales distribution centers that serve the global market.
