Kraton Performance Polymers, Inc. Announces Definitive Agreement to Combine with the Styrenic Block Copolymer Business of LCY Chemical Corp. to Create a Worldwide Leading Manufacturer and Innovator in the Styrenic Block Copolymer Industry.
Q4 2013 Earnings Conference Call
Q4 2013 Earnings Conference Call
Thursday 9:00 am EST
In Cosmetics 2014
Please join Kraton Performance Polymers at
In-Cosmetics 2014 in Hamburg, Germany – April 1-3. Our experts will be on hand in booth #3G55 to meet with interested parties and showcase how the company’s products are responsible for creating a wide array of hydrogenated SBCs which create highly transparent, glossy and moisture resistant cosmetic products.
The Kraton team will also present during the Innovation Seminar on “Kraton™ Polymers for Oil Gel Applications” on April 3rd at 3:00 pm. Please contact Marta Afonso for additional information.
Kraton Announces Definitive Agreement to Combine with the Styrenic Block Copolymer Business of LCY Chemical Corp.
to Create a Worldwide Leading Manufacturer and Innovator in the Styrenic Block Copolymer Industry
HOUSTON, Jan. 28, 2014 /PRNewswire/ -- Kraton Performance Polymers, Inc. (NYSE: KRA), a global producer of highly-engineered polymers, today announced that it has entered into a definitive agreement to combine with the styrenic block copolymer ("SBC") operations of Taiwan-based LCY Chemical Corp. ("LCY"). 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 calls for LCY to contribute its SBC business in exchange for newly issued shares in the combined company, such that Kraton's shareholders and LCY will each own 50% of the outstanding shares of the combined enterprise. The combined company will be incorporated in the UK, will be listed on the NYSE, and will be led by Kevin M. Fogarty, Kraton's President and Chief Executive Officer, and a global management team with administrative headquarters located in Houston, Texas.
Kraton Performance Polymers Helps Provide New Yorkers with Safer, More Accessible City Streets $7 Million Road Resurfacing Project Features Unique Asphalt Paving Technology Completed in Advance of Winter Conditions
HOUSTON, Jan. 9, 2014 /PRNewswire/ -- Kraton Performance Polymers, Inc. (NYSE: KRA), a leading global producer of styrenic block copolymers (SBC) and other engineered polymers, is working on a project to support efforts to make roads more safe in New York City. As temperatures continue to drop and cities embrace wintry conditions, New York City's Department of Transportation (DOT) has planned ahead. With the help of Kraton Performance Polymers, Inc. (NYSE: KRA), in partnership with NuStar Asphalt LLC, 53 New York City blocks, including bike paths and select bus service routes along First Avenue from 72nd to 125th Streets, have been resurfaced with a thin layer of highly modified asphalt (HiMA) that greatly improves pavement resistance to rutting and cracking — critical attributes for high-traffic roadways used by vehicles and pedestrians in any season, but especially in harsh, inclement weather.