Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) danbi kim Journalist = DL Chemical is embarked on the largest acquisition of a company in the history of DL Group in order to accelerate its new growth business and leap forward as a global petrochemical company.

On the 27th, DL Chemical held a board meeting and decided to acquire an 100% stake in U.S. chemicals company Kraton Corp. at $46.5 per share for a total of $1.6 billion (about 1.8 trillion won).

Kraton is comprised of two pillar businesses polymer and chemical It operates 13 production plants and 5 R&D centers in major markets across the world including the U.S. and Europe.

Last year, it raised $1.563 billion in revenue and $262 million adjusted EBITDA. Styrene Block Copolymer (SBC) is he main product of the Kraton Polymer business and it has the largest market share in the US and Europe.

With this acquisition, DL Chemical has become the No. 1 SBC manufacturer in the U.S. and Europe, and the largest one of the biochemical companies as they succeeded in diversifying its business portfolio.

NSP News Agency danbi kim Journalist readyntalk@nspna.com
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