3 Nov 2021
New York-based private equity firm One Rock Capital Partners completes acquisition
New York – Eastman Chemical Co.’s tire additives business has been relaunched as Flexsys under the ownership of US private equity firm One Rock Capital Partners.
The name, said One Rock in a 1 Nov statement, pays a tribute to the legacy name of the business and its products over the past 75 years.
Based in Akron, Ohio, Flexsys retains its team and is led by CEO Güne? Çelik.
With over 500 employees, Flexsys principally supplies insoluble sulphur, anti-degradants and post-vulcanisation stabilisers for the tire industry.
It operates eight manufacturing sites, including four in the US and one each in Brazil, Germany, Belgium and Malaysia.
It also runs two technical centres within its US headquarters and in Shanghai, China.
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