Pine chemicals major Kraton Corp. is exploring the sale of its Cariflex polyisoprene business. Kraton, which saw its share price drop from highs near $50 last September to near $30 in mid-March, says the unit's strong growth prospects are not reflected in the value placed on Kra-ton's stock and that it might fit better with another company. Trade war anxieties, recession fears, the impact of October's Hurricane Michael on tall oil fatty acid, distilled tall oil and crude sulfate turpentine production facilities owned by Kraton in Florida and the debt taken on from the 2016 acquisition of Arizona Chemical for $1.6bn have all weighed on the Houston-based corporation.
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