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Acquisition supports company's commitment to microfibers growth platform

KINGSPORT, Tenn., July 25, 2014 - Eastman Chemical Company has entered into a definitive agreement to acquire Knowlton Technologies, LLC. The company, which is located in Watertown, NY, is a leader in the design, accelerated prototyping and manufacture of wet-laid nonwovens in filtration, friction and custom designed composite webs.

"Knowlton Technologies is a trusted and established leader in advanced materials with an expertise in wet-laid media prototyping and formulation development. This acquisition will bring a set of complementary skills and development capabilities that will help Eastman better innovate with our nonwovens-producing customers and accelerate the innovation cycle for microfibers in important markets like filtration," said Tim Dell, vice president, innovation. "We look forward to working with Knowlton Technologies' employees and to continuing to support their customers who have relied on them for high quality products for many years."

Terms of the transaction were not disclosed.


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