# 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.

- Type: Acquisition
- Announced: 2019-10-30
- Value: $530.0M
- Status: announced
- Products: isoprene rubber latex
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Kraton Corporation](https://endata.com/companies/24149.md)
- [Daelim Industrial](https://endata.com/companies/4600.md) (acquirer)
- [Kraton Corporation](https://endata.com/companies/24149.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/articles/kraton-to-sell-cariflex-business-unit-to-daelim-industrial-for-$530-mln-2019-10-30), 2019-10-30: "Cariflex is an attractive business with a robust growth profile and pro forma Adjusted EBITDA margins in excess of 30%."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2546-acquisitions?page=36), 2019-11-18: "The transaction is expected to close in the first quarter of 2020, subject to customary regulatory approvals and other closing conditions as set forth in the purchase and sale agreement."
- [innov8chem.com](https://www.innov8chem.com/2019/), 2019-12-20: "Kraton Corporation announced that it has agreed to sell its Cariflex isoprene rubber business for $530 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.