ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Polymers

Kraton selling latex business to Daelim

by Alexander H. Tullo
November 2, 2019 | APPEARED IN VOLUME 97, ISSUE 43

Kraton has agreed to sell its Cariflex polyisoprene business to South Korea’s Daelim Industrial for $530 million. Polyisoprene is a nonallergenic substitute for natural latex in products such as condoms and surgical gloves. The Cariflex business had sales of $180 million and before-tax profit of $50 million in 2018. Kraton has said it is selling the business because its value isn’t reflected in the firm’s stock price. With the sale, Kraton will focus on its core areas of styrenic block copolymers and pine chemicals.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment