Kraton Corporation ("Kraton") announced that the merger pursuant to which DL Chemical Co., Ltd. (DL Chemical) acquired Kraton, has been completed on March 15, 2022. DL Chemical acquired Kraton in an all-cash transaction valued at approximately USD2.5 bn, said the company.
The merger enables Kraton to strengthen its global presence by leveraging DL Chemical's manufacturing capabilities and footprint in the Asian market, along with its financial strength, allowing Kraton to further invest in industry-leading sustainable innovation. The merger also accelerates both DL Chemical's and Kraton's vision of being a global leader of specialty chemicals.
The transaction was announced on September 27, 2021, and received Kraton stockholder approval on December 9, 2021. As a result of the transaction completion, Kraton is now a wholly owned subsidiary of DL Chemical. Effective today, Mr. Marcello Boldrini and Dr. Holger Jung will lead Kraton as Co-Chief Executive Officers, overseeing Kraton's Chemical and Polymer segments, respectively.
As per MRC, Sabic has announced a new collaboration with Kraton to deliver certified renewable butadiene from its TRUCIRCLE portfolio for use in Kraton’s certified renewable styrenic block copolymers.
Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products.
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