Kraton Performance Polymers, Inc. Announces Anticipated Timing for Acquisition of Arizona Chemical Company
HOUSTON - Kraton Performance Polymers, Inc. (NYSE: KRA) announced today that its current expectation is that it will consummate the previously announced acquisition of Arizona Chemical Company in early January 2016. The Company expects the financing in connection with the acquisition to be at a cost consistent with that previously announced and that it therefore will be at a cost consistent with that assumed in the Company's cash flow projections as presented when Kraton announced the transaction on September 28, 2015.
ABOUT KRATON
Kraton Performance Polymers, Inc., through Kraton Polymers LLC and its subsidiaries, is a leading global producer of engineered polymers and one of the world's largest producers of SBCs, a family of products whose chemistry was pioneered by Kraton over 50 years ago. Kraton polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, medical, packaging, automotive, paving, roofing and footwear products. Kraton offers products to more than 800 customers in over 60 countries worldwide. Kraton manufactures products at five plants globally, including its flagship plant in Belpre, Ohio, which Kraton believes is the most diversified SBC plant in the world, as well as plants in Germany, France, Brazil and Japan. The plant in Japan is operated by an unconsolidated manufacturing joint venture.
For Further Information:
Investors: H. Gene Shiels 281-504-4886
SOURCE Kraton Performance Polymers, Inc.
Web Site: http://www.kraton.com Â
