# DL Chemical to acquire Kraton Corporation for $2.5B

Kraton Corporation has entered into a definitive merger agreement to be acquired by DL Chemical Co., Ltd. in an all-cash transaction implying an enterprise value of approximately $2.5 billion.

- Type: Acquisition
- Announced: 2021-09-27
- Where: Houston, Texas, United States
- Value: $2.50B
- Status: announced
- Products: specialty polymers, bio-based products
- 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) (target)
- [DL Chemical](https://endata.com/companies/55405.md) (acquirer)

## Sources

- [kraton.com](https://kraton.com/newsroom/kraton-corporation-enters-into-definitive-agreement-to-be-acquired-by-dl-chemical-co-ltd/), 2021-09-27: "Kraton Corporation today announced that it has entered into a definitive merger agreement pursuant to which DL Chemical Co., Ltd. will acquire 100% of Kraton in an all-cash transaction implying an enterprise value of approximately $2.5 billion."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=25), 2021-09-27: "Kraton Corp. recently announced that it has entered into a definitive merger agreement pursuant to which DL Chemical Co., Ltd. will acquire 100% of Kraton."
- [prnewswire.com](https://www.prnewswire.com/news-releases/kraton-corporation-enters-into-definitive-agreement-to-be-acquired-by-dl-chemical-co-ltd-301385335.html), 2021-09-27: "We believe the transaction provides immediate and certain value for Kraton stockholders, and represents an attractive premium of approximately 50% over Kraton's unaffected market valuation as of early July."
- [canplastics.com](https://www.canplastics.com/sustainability/dl-chemical-buying-specialty-polymer-maker-kraton-for-2-5-billion/1003457346/), 2021-09-29: "We believe DL Chemical has the industry presence and resources to continue to support the growth of Kraton’s business on a global scale."

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