By Bowdeya Tweh
Eastman Chemical Co. (EMN) said Monday it bought the Marlotherm business from Sasol Ltd. (SOL.JO, SSL) for an undisclosed sum, helping the chemicals maker expand its offering of heat transfer fluid products world-wide.
The Tennessee company said it would acquire the Marlotherm manufacturing assets in Germany and related formulations, intellectual property and customer contracts from Sasol.
The new heat transfer product line will join Eastman's specialty fluids business in the additives and functional products segment.
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