Eastman Chemical Company (NYSE:EMN) has completed the acquisition of the business and assets of Matrix Films, LLC and its UK affiliate, PremiumShield Limited, marketer of PremiumShield performance films, including its extended line of automotive film patterns.
“The completion of this acquisition is another step in Eastman’s commitment to being a leading innovator and service partner for paint protection and window film professional installers,” says Erin Bernhardt, general manager of Eastman’s Performance Films business. “We’re extremely excited to add the PremiumShield team, assets, and dealer base to our Eastman Performance Films team.”
Terms of the transaction were not disclosed. The newly acquired business is part of Eastman’s Performance Films business of the company’s Advanced Materials segment.
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,500 people around the world and serves customers in more than 100 countries. The company had 2020 revenues of approximately $8.5 billion and is headquartered in Kingsport, Tennessee, USA.