DL Chemical

DL Chemical decided to merge with Daelim P&P to integrate production, sales, and marketing. The merger ratio is 5.069 to 1, and the merged entity will retain the name DL Chemical.

DL Chemical, a subsidiary of DL Holdings, will acquire Texas-based specialty chemical manufacturer Kraton for $1.6 billion, plus $900 million in net debt, to expand in the US and European SBC markets.

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.

DL Chemical and US-based RexTac established a joint venture named Direx Polymer, with DL Chemical holding a 74% stake. The joint venture will invest 150 billion KRW to build a 40,000-ton-per-year APAO plant in Yeosu, South Korea, with commercial production starting in the first half of 2023.

DL Chemical and US-based Rextac have launched a joint venture named Direx Polymer to produce eco-friendly hot-melt adhesives. DL Chemical holds a 74% stake with a total investment of KRW 150 billion, and a 40,000-ton-per-year APAO production facility will be built in Yeosu, with commercial production expected in the first half of 2023.

REXtac and DL Chemical agreed to set up a joint venture in Yeosu, South Korea, to build a plant producing 40,000 tons of APAO and hot melt glue annually, with production starting in the first half of 2023. Total investment is 150 billion won ($134 million).

Kraton Corp., a producer of specialty polymers and bio-based products, entered into a definitive merger agreement to be acquired by DL Chemical Co. Ltd., a subsidiary of DL Holdings Co. Ltd., in an all-cash transaction.