Specialty materials firm Eastman Chemical Company is purchasing 3F Feed & Food, a European firm that develops and commercializes additives for animal feed and human food, the company announced in a recent release. The transaction will bolster Eastman’s animal nutrition business.
“With this acquisition of 3F Feed & Food, Eastman adds a respected producer that is well-established in one of the leading European markets,” Sabine Ketsman vice president and general manager, care chemicals and animal nutrition for Eastman, said in a statement. “Their proven track record of providing value-added solutions to the market, combined with Eastman’s unique technology capabilities and global footprint, will accelerate the development of next-generation solutions and strengthen our ability to better serve our customers all over the world.”
Once the deal is completed, 3F Feed & Food will be rolled into Eastman’s Additives & Functional Products segment. Its portfolio of specialized organic acid derivatives and phytogenics can help producers increase animal productivity and health.
“The combination of Eastman’s chemical expertise, together with 3F’s R&D skills and vast experience with specific applications in animal nutrition and health, will increase the product offering of new molecules that can be successfully deployed to a market that is in continuous search of new solutions to enable sustainable animal health and productivity,” said Juan Galvez del Hierro, CEO of 3F, in the release.
3F currently operates a production plant in Avila, Spain. Terms of the deal were not revealed in the announcement.