![Eastman Acquires Dalian Ai-Red Technology Eastman Acquires Dalian Ai-Red Technology](/sites/default/files/styles/6/public/news/2023/eastman-acquires-dalian-ai-red-technology.jpg?itok=FEsTlhev)
Date: 2 February 2023
This acquisition demonstrates Eastman鈥檚 commitment to driving growth in Performance Films and the paint protection and window film markets. The investment further strengthens the company鈥檚 ability to deliver consistent, superior value as a specialty materials company and expands the service level in China and the Asia Pacific region. This site will align with Eastman Performance Films operations and its high standard of quality supply into the market.
鈥淭his acquisition provides additional capacity to serve the growing demand for our paint protection and window film products and creates additional capacity for innovation and product scale-up from our existing operations,鈥 said Erin Bernhardt, vice president and general manager of the Performance Films business of Eastman鈥檚 Advanced Materials segment. 鈥淏y adding this capacity and team to Eastman鈥檚 industry-leading team, technologies, and brands, we expect to accelerate an already aggressive growth trajectory in automotive and architectural aftermarket films.鈥
Terms of the agreement were not disclosed.
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