Kraton completes sale of Cariflex business

摘要

US-Kraton Corp.has completed the sale of its Cariflex polyisoprene products business to Daelim Industrial Co.Ltd for $530 million(€467 million)cash,the US polymer group announced 6 March.The sale of Cariflex to Daelim was disclosed 30 Oct,eight months after Kraton said it was considering the possibility of divesting Cariflex.While Cariflex is a profitable speciality business,said Kraton president and CEO Kevin Foga-rty,it had little revenue or cost overlap with Kraton's core polymer and chemical segments.Isoprene rubber latex supplier Cariflex contributed earnings(adjusted EBITDA)of $50.5 million to Kraton's results in 2018.