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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 806  
Subject: Re: Eastman Chemicals buys Solutia Date: 1/27/2012 7:07 PM
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http://www.nytimes.com/keyword/hoffmann-la-roche

Thanks Kahuna. Apparently a Hoffman LaRoche division is bidding for the Sterling Drug division of Kodak. And they may get it as one of the assets Kodak could sell to resolve its bk filing.

But to clarify, Eastman Chemicals was founded as part of Kodak in Kingsport, TN, but were spun off at least twenty years ago. They made especially cellulosic chemicals like cellulose nitrate and cellulose acetate for film stock. Later they got into all sorts of chemicals related to acetic acid/acetic anhydride/ketene and later polyesters like Kodel. They have become a chemical company. They have the only coal to methanol plant in the US. (Most methanol is made from natural gas.)

Kodak probably still has a need for specialty chemicals used in developing and maybe even as additives in their emulsion formulations. Kodak may still make some of those. They once had a lab chemicals business similar to that of Aldrich or Thermo-Fisher, but I doubt they still have those. That industry has done lots of consolidating. Even the Sterling Drug business is a surprise.
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