Kraton to sell Cariflex business to Daelim Industrial for $530M

Kraton Corp. agreed to sell its Cariflex business unit to Korea-based Daelim Industrial Co., Ltd. for $530 million. The transaction is expected to close in the first quarter of 2020.

“Cariflex is an attractive business with a robust growth profile and pro forma Adjusted EBITDA margins in excess of 30%.”nasdaq.com

• 3 sources
• nasdaq.comKraton To Sell Cariflex Business Unit To Daelim Industrial For $530 Mln | NasdaqRTTNewsOct 30, 2019
• adhesivesmag.comAcquisitions - Articles - Page 36 | Adhesives & Sealants IndustrySusan SuttonNov 18, 2019
• innov8chem.comYearly Archives: 2019Press ReleaseDec 20, 2019

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