Eastman Chemical discontinued Perennial Wood product line and business operations, the company announced today.

As a specialty chemical company, Eastman says it is committed to creating consistent, superior value for all of its stakeholders and this includes maximizing the value of its portfolio of products.

“A lot of talented Eastman employees and external partners worked very hard on this project, and this outcome is not a reflection of their dedication or hard work,” says Tim Dell, vice president of innovation, marketing, sales, and pricing at Eastman. “Additionally, this decision was not made based on product performance, but rather on the challenging economics of the product market.”

The Kingsport , Tenn.-manufacturer says it remains committed to ongoing professional relationships with its customers and will provide continued support during the transition. Perennial Wood products will remain available in the market while supplies last. To learn where products can be purchased, visit PerennialWood.com.

Eastman will honor the 25-year limited residential warranty for product sold at retail under the Perennial Wood brand name. Warranties must be registered within 30 days of purchase at PerennialWood.com or through the customer center at 800.530.7495.

The company says the building and construction market remains a priority and the decision announced today does not impact other Eastman products.