DL Chem Acquired US chemical maker Kraton
DL Chem, a South Korean chemical producer, sealed $2.5 B acquisition of US Kraton, the largest global pine-based specialty products. DL Chem, formerly known as Daelim Industrial Co, has signed a SPA to acquire 100% of the NYSE-listed company. The deal is said to be done in an all-cash deal, and the transaction value was $46.5 per share, representing a 50% premium to the market value as of early July 2021. Kraton will be delisted from NYSE and remain as a subsidiary of DL Chemical.