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EASTMAN CHEMICAL COMPANY

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Eastman Chemical : 2020, Oct 28 - Eastman, Sanluc enter global commercial partnership

10/28/2020 | 08:05am EDT

KINGSPORT, Tenn., USA, OCTOBER 28, 2020 - To meet a growing demand for gut health solutions in the animal nutrition industry, Eastman and Sanluc have entered into a global commercial partnership.

With more than 20 years of industry experience, Sanluc is a leader in the functional feed additives market and a pioneer in developing calcium butyrate-based products. The partnership covers its gut health portfolio and reflects Eastman's commitment to offer specialty solutions to the animal nutrition industry.

Combining these products with Eastman's organic acid-based feed additive solutions, the partnership creates an extended portfolio that will help feed and feed raw material producers reach performance targets in preservation, hygiene and gut health. Customers can expect wider access to products, support from Eastman's regional technical teams and a growing number of global proof points through Eastman's application development expertise.

This is the first step in Eastman's journey to expand its offerings of gut health solutions.

About Eastman
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 2019 revenues of approximately $9.3 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit eastman.com.

About Sanluc

Sanluc International nv was founded in 1998 by director Luc Goethals, who had more than 20 years of experience in the feed additive market. The company has been one of the emerging newcomers during the transformation and conversion of the supplying industry after the exit of many pharmaceutical companies and the appearance of alternative actors and new concepts.

Sanluc is the pioneer and leader in Ca-butyrate based products and other gut health related solutions. S.A.N. stands for Service Animal Nutrition and all research, product development and innovation of Sanluc has been streamlined to SERVE the Animal Nutrition market and its customers. Sanluc exclusively services feed mills, integrators and premix companies (B2B).

Sanluc International nv is based in Ghent, Belgium, and shares production facilities in Belgium and France. Besides some of its own offices in selected countries, Sanluc serves a network of partners in more than 40 countries. More information about Sanluc can be found on www.sanluc.be

Media:

Maria Pirttilahti
+31 6 15856440/ mpirttilahti@eastman.com

For all animal nutrition enquiries, contact animalnutrition@eastman.com.

Disclaimer

Eastman Chemical Company published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 13:04:00 UTC


ę Publicnow 2020
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Financials (USD)
Sales 2021 9 450 M - -
Net income 2021 1 158 M - -
Net Debt 2021 4 722 M - -
P/E ratio 2021 13,8x
Yield 2021 2,35%
Capitalization 15 955 M 15 955 M -
EV / Sales 2021 2,19x
EV / Sales 2022 2,08x
Nbr of Employees 14 500
Free-Float 61,2%
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Number of Analysts 19
Last Close Price 117,06 $
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Mark J. Costa Chairman & Chief Executive Officer
William T. McLain Chief Financial Officer & Senior Vice President
Mark K. Cox Chief Manufacturing & Engineering Officer, SVP
Stephen G. Crawford Co-Chief Technology Officer & Executive VP
Aldo Noseda Chief Information Officer & Vice President
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