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Eastman Acquires Dynaloy, LLC
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Acquisition supports growth in Eastman’s electronic materials product lines

KINGSPORT, Tenn., Aug. 3, 2011 – Eastman Chemical Company (NYSE:EMN) announced that one of its wholly owned subsidiaries has acquired from E&A Industries, Inc., the assets of Dynaloy, LLC, a specialty chemical business based in Indianapolis, Indiana. This acquisition, which includes Dynaloy’s inventory, equipment, intellectual property, and customer contracts, supports Eastman’s growth efforts for the electronic materials product line of its Coatings, Adhesives, Specialty Polymers and Inks (CASPI) segment. 

Dynaloy manufactures and sells advanced cleaning solutions for multiple applications on a global basis, with particular focus on the semiconductor industry. The business will remain headquartered in Indianapolis.

“Dynaloy brings a strong market connect along with material science capabilities that are complementary to our own,” said Scott Ballard, industry director, Electronic Materials. “As we continue to develop and grow Eastman’s presence in electronic materials, the expertise and reliability that Dynaloy customers have come to expect will be a great asset to our overall growth strategy.”

Terms of the transaction were not disclosed.

Eastman’s chemicals, fibers and plastics are used as key ingredients in products that people use every day. Approximately 10,000 Eastman employees around the world blend technical expertise and innovation to deliver practical solutions. The company is committed to finding sustainable business opportunities within the diverse markets and geographies it serves. A global company headquartered in Kingsport, Tenn., USA, Eastman had 2010 sales of $5.8 billion. For more information, visit www.eastman.com. For more information about Dynaloy, visit www.dynaloy.com.

Contacts:

Media:  Tracy Broadwater
423-224-0498 / tkbroadwater@eastman.com

Investors:  Greg Riddle
212-835-1620 / griddle@eastman.com

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