M&A Deal Summary

DL E&C Acquires Kraton - Cariflex

On October 30, 2019, DL E&C acquired chemicals company Kraton - Cariflex from Kraton for 530M USD

Acquisition Highlights
  • This is DL E&C’s 2nd transaction in the Chemicals sector.
  • This is DL E&C’s largest (disclosed) transaction.
  • This is DL E&C’s 1st transaction in the United States.
  • This is DL E&C’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-10-30
Target Kraton - Cariflex
Sector Chemicals
Buyer(s) DL E&C
Sellers(s) Kraton
Deal Type Divestiture
Deal Value 530M USD

Target

Kraton - Cariflex

Texas, United States
Kraton Corp. - Cariflex is an isoprene rubber latex company serving the medical and other high-end markets.

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Buyer(S) 1

Buyer

DL E&C

Seoul, South Korea
Category Company
Founded 1939
Sector Construction
Revenue 7.99T KRW (2023)
DESCRIPTION

DL E&C is a construction company in Korea, Company are striving to become a total solution provider based on strong reputation in the EPC (Engineering, Procurement and Construction) sector. Company have built iconic landmarks such as the National Assembly and Olympic Stadium. DL E&C was founded in 1962 and is based in Seoul, South Korea.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 KR Copolymer

Seoul, South Korea

KR Copolymer Co. Ltd. is a manufacturer of chemicals, chemical products, and polymers. It offers synthetic dyes, softeners, and other colorants. The company was founded in 2000 and is headquartered in Seoul, South Korea.

Sell -

Seller(S) 1

SELLER

Kraton

Houston, Texas, United States
Category Company
Founded 2009
Sector Chemicals
Revenue 1.6B USD (2020)
DESCRIPTION
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.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Kraton Performance Polymers - Compounding Business

United States

Kraton Performance Polymers - Compounding Business is consists of chemical business to directed into personal care, protective film, general compounds for consumer, medical & automotive applications.

Sell $72M
Mergr

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