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Eastman Chemical sells Performance Polymers PET business to DAK Americas for $600 million

January 2011

Client(s) Eastman Chemical Company

Jones Day advised Eastman Chemical Company, a global chemical company that manufactures and sells a broad portfolio of chemicals, plastics, and fibers, in its $600 million sale of its Performance Polymers PET business to DAK Americas LLC, the largest polyester staple fiber and the second largest PET resin producer in North and South America.

In addition to M&A representation, Jones Day provided private equity, environmental, real estate, tax, antitrust, employee benefits, and intellectual property advice regarding this transaction.

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