M&A Deal Summary

DL Chemical Acquires Kraton

On September 27, 2021, DL Chemical acquired chemicals company Kraton for 2.5B USD

Acquisition Highlights
  • This is DL Chemical’s 1st transaction in the Chemicals sector.
  • This is DL Chemical’s largest (disclosed) transaction.
  • This is DL Chemical’s 1st transaction in the United States.
  • This is DL Chemical’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-09-27
Target Kraton
Sector Chemicals
Buyer(s) DL Chemical
Deal Type Merger
Deal Value 2.5B USD
Advisor(s) J.P. Morgan Securities (Financial)
King & Spalding (Legal)

Target

Kraton

Houston, Texas, United States
Entrance to Kraton's corporate headquarters in Houston, Texas.
Entrance to Kraton's corporate headquarters in Houston, Texas.
Kraton is a producer of styrenic block copolymers (SBCs), specialty chemicals that exhibit rubber-like characteristics and improve product durability, flexibility and temperature resistance. Kraton was incorporated in 2009 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

DL Chemical

Seoul, South Korea
Category Company
Sector Chemicals
DESCRIPTION

DL Chemical is a petrochemical company with more than 46 years of operational experience and unique technological know-how. The company was the first petrochemical firm in the country to commercialize metallocene polyethylene and polybutene, as well as the first to export polybutene technology to the United States. It has commercialized BOCD (Broad Orthogonal Co-Monomer Distribution) polyethylene and EPO (Ethylene-Propylene Oligomer) for only the second time worldwide. DL Chemical is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal