Eastman to Acquire PremiumShield

Eastman Chemical Company agrees to acquire the business and assets of Matrix Films LLC, marketer of PremiumShield performance films, including its line of automotive film patterns.

This acquisition expands Eastman’s paint protection film (PPF) pattern development capabilities, pattern database, and installation training expertise. It also complements Eastman’s automotive dealer base in North America, Europe, and the Middle East to drive growth in PPFs and window films.

Erin Bernhardt, Eastman, says, “The combination of PremiumShield’s experienced team and extensive pattern database creates great growth synergies.”

The acquisition is expected to close in 2021. The terms of the agreement were not disclosed.