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Vertical acquisition of Solutia by Eastman approved

By  |  May 28, 2012
Vertical acquisition of Solutia by Eastman approved

The European Commission has approved the proposed acquisition of Solutia by Eastman Chemical Company, two US chemical companies. The deal creates a vertical relationship between Eastman’s upstream supply of 2-ethylhexanoic Acid (“2-EHA”) and Solutia’s downstream supply of plasticizers for use in polyvinyl butyral (“PVB”) sheet. However, Solutia and Eastman are not active on the same markets–Solutia is not a customer of Eastman in the EEA. Moreover, the merged entity will continue to face competition from upstream competitors.

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    Full content: EC Press Release

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