VerticalNet forms paint and coatings portal

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Horsham, Pa.--VerticalNet Inc., creator of business-to-business electronic commerce vertical portals, announced Thursday that it has entered into a joint venture with Eastman Chemical Co., Kingsport, Tenn., to create an independent e-marketplace for the paint and coatings industry. Using the domain name, the site will be VerticalNet's fully transactional online marketplace, and Eastman will be the anchor tenant. The companies are hoping to attract other large industry players to participate in the site.
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