09.06.2014 • News

Eastman Completes BP Turbine Oil Acquisition

Eastman has completed the acquisition of BP's global aviation turbine oil business for an undisclosed sum.

The new activities will be integrated into the US chemical group's Fluids & Intermediates business segment, which markets hydraulic fluids under the name Skydron.

"This acquisition brings a profitable and growing specialty chemicals business to our portfolio that aligns very well with our existing aviation product offerings", said Mike Humby, vice president and general manager of the Eastman business segment.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.