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Kraton Performance Polymers to Combine With LCY Chemical Division
Kraton Performance Polymers Inc. (KRA) agreed to combine with Taiwan-based LCY Chemical Corp.'s (1704.TW) styrenic block copolymer operations.
Kraton's polymers are used in a wide range of products, including adhesives, coatings, consumer and personal care products, and sealants and lubricants, among others.
The company said the deal will combine its broad product portfolio and innovation with LCY's cost-effective operations and its proven record of driving growth in China and broader Asia.
The deal, which pushed Kraton shares up sharply in midday trading
Kraton Performance Polymers to Combine With LCY Chemical Division
Kraton Performance Polymers Inc. (KRA) agreed to combine with Taiwan-based LCY Chemical Corp.'s (1704.TW) styrenic block copolymer operations.
Kraton's polymers are used in a wide range of products, including adhesives, coatings, consumer and personal care products, and sealants and lubricants, among others.
The company said the deal will combine its broad product portfolio and innovation with LCY's cost-effective operations and its proven record of driving growth in China and broader Asia.
The deal, which pushed Kraton shares up sharply in midday trading