Kraton: Daelim acquires Cariflex business
Kraton on 30 October 2019 announced that it has agreed to sell its Cariflex isoprene rubber latex business unit to Daelim Industrial Co., Ltd. for a purchase price of USD 530 million. The transaction is expected to close in Q1/2020. Cariflex contributed USD 50.5 million of pro forma Adjusted EBITDA for the fiscal year ended 31 December 2018.