O’Melveny Worldwide

The Deal: Ineos Acetyls Acquires Operations From Eastman

October 2, 2023

Eastman Chemical Co., a global specialty materials producer, announced its agreement to sell the Eastman Texas City site, including the 600kt Acetic Acid plant and all associated third party activities on the site to Ineos Acetyls for approximately US$500 million. An O’Melveny team led by Phillip Oldham, Eric Zabinski, and Alex Anderson advised Ineos on the transaction.

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