Kraton

Kraton is the world's leading manufacturer of special polymers and high performance products from renewable sources. Kraton polymers have a wide range of applications, including adhesives, coatings, consumer products and personal care products, sealants and lubricants, as well as products for medicine, packaging, automotive, pavement and roofing.

History

2021: DL Chemical buys 100% stake in Kraton for $2.5 billion

At the end of September 2021, DL Chemical announced the purchase of a 100% stake in Kraton. The deal is estimated at $2.5 billion.

Under the terms of the agreement, Kraton shareholders will receive $46.5 in cash for each share they own. It is assumed that the transaction will be closed in the first half of 2022.

According to Kraton Chairman of the Board of Directors Dan F. Smith, the result of the transaction will be the formation of a company with a scale that will create "a reliable platform for further supporting investments in the existing innovation pipeline and ensuring the further expansion of sustainable offerings."

DL Chemical acquired a 100% stake in Kraton for $2.5 billion

DL Chemical has been responsible for the petrochemical business at DL Group for 46 years. After the acquisition of Cariflex [a synthetic polyisoprene rubber business that can replace solid natural rubber] from Kraton last year, we successfully integrated this business into the DL Group, "said San Wu Kim, Vice Chairman and Chief Executive Officer of DL Chemical. - We were also interested in Kraton's polymer and biochemistry business, so this deal will allow us to provide our customers with a wider range of innovative products, as well as to serve a wide range of end markets in more than 70 countries.

DL Chemical is South Korea's first petrochemical company to begin commercialization of metallocene polyethylene and polybutene, as well as the first to export polybutene technologies to the United States.^[1]

Notes