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January 28, 2014
05:35 EDTKRAKraton announces agreement to combine with SBC business of LCY Chemical
Kraton Performance announced that it has entered into a definitive agreement to combine with the styrenic block copolymer, or SBC, operations of Taiwan-based LCY Chemical Corp. The transaction will combine Kraton's broad product portfolio and innovation platform with LCY's cost-effective and innovative SBC operations and its proven record of driving growth in China and broader Asia. The combination agreement creates a $2B+ pro forma revenue industry leader, with significant scale, an improved manufacturing cost position and a diversified product portfolio offering that will benefit customers' growth and innovation requirements across all regions of the world and enables expected annual cost synergies of $65M on a run-rate basis, which are expected to be fully realized by 2017. The combination agreement is expected to be accretive to operating earnings by 75c-80c per share in the first full year of combined operations. The transaction is currently expected to close in Q4.
News For KRA From The Last 14 Days
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June 24, 2015
07:16 EDTKRACredit Suisse to hold a conference
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June 23, 2015
14:27 EDTKRAKraton Performance names Chris Russell Chief Accounting Officer
Effective June 18, Chris H. Russell was appointed Chief Accounting Officer of Kraton Performance Polymers, in which position he will serve as the Company’s principal accounting officer. Prior to joining Kraton, from 2014 to 2015, Mr. Russell served as Chief Accounting Officer for Prince International Corporation, a leading manufacturer and distributor of mineral based products.

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