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Stanley Black & Decker, Eastman Team Up On Sustainable Power Tools

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  • SWK
  • EMN
  • Stanley Black & Decker, Inc. (NYSE: SWK) and Eastman Chemical Co (NYSE: EMN) collaborate to advance sustainability in the power tools industry. The financial terms of the arrangement were not disclosed.

  • BLACK+DECKER, a Stanley Black & Decker brand, to release a new product line, reviva, in early 2022, offering the brand's first sustainability-led power tools that use Eastman's Tritan Renew copolyester.

  • Stanley Black & Decker expects the new reviva power tools to be manufactured using Tritan Renew material produced through Advanced Circular Recycling, also known as molecular recycling.

  • This process reduces the use of fossil-based resources and lowers greenhouse gas emissions while providing the performance of virgin plastic materials and environmental benefits of 50% recycled content.

  • Price Action: SWK shares closed lower by 0.25% at $173.30, while EMN closed lower by 0.32% at $103.82 on Wednesday.

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