KINGSPORT, Tenn., July 2, 2012 - Eastman Chemical Company (NYSE:EMN) announced today the completion of its acquisition of Solutia Inc. (NYSE:SOA). The approximately $4.8 billion acquisition supports Eastman's growth strategy to increase revenues and profit margins by expanding the company's geographic reach, especially in emerging markets, and establishing a more diverse and sustainable product portfolio. Eastman expects the acquisition to be immediately accretive to earnings, excluding acquisition-related costs and charges. See the full story at www.reuters.com.