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.
Eastman is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction and consumables. Eastman focuses on creating consistent, superior value for all stakeholders. As a globally diverse company, Eastman serves customers in approximately 100 countries and had 2013 revenues of approximately $9.4 billion. The company is headquartered in Kingsport, Tennessee, USA and employs approximately 14,000 people around the world. For more information, visit www.eastman.com.