Eastman signs deal to buy Performance Films Maker
U.S. chemicals maker Eastman Chemical Co. announced on Monday that it has entered into an agreement to purchase the business and assets of performance film maker and distributor Matrix Films LLC, including its PremiumShield brand and model line of films. automobiles.
“We are excited to add the experience, capabilities and reseller base of the PremiumShield team to Eastman’s industry leading team to jointly create greater strength and differentiation,” said Erin Bernhardt, Managing Director of Performance Films in Eastman’s Advanced Materials segment, in a statement. “The combination of PremiumShield’s experienced team and extensive model database creates great synergies for growth and will allow Eastman to become a leader in the performance film industry. “
The transaction will allow Eastman to expand its paint protection film development capabilities, model database and installation training expertise. Matrix Films also complements the company’s auto dealer base in North America, Europe and the Middle East, driving the growth of window films and paint protection films.
Eastman expects the transaction to close this year.