28 September 2015
ABOUT KRATON PERFORMANCES POLYMERS
KNOW MORE KRATON'S BOARD OF DIRECTORS
KEVIN M. FOGARTY
President and Chief Executive Officer
KNOW MORE KRATON'S MANAGEMENT TEAM
is a leading global producer of high-value performance products
and specialty chemicals
derived from non-hydrocarbon, renewable raw materials.
Arizona Chemical's end use market exposure
is highly complementary with that of Kraton,
particularly in markets such as
adhesives, roads and construction, coatings and oilfield chemicals.
Kees Verhaar,
President and CEO
Arizona Chemical
KNOW MORE ARIZONA CHEMICAL'S MANAGEMENT TEAM
DETAILS
a global producer of highly-engineered polymers,
today announced that it has entered into a definitive agreement
to acquire all of the capital stock of privately held
for a cash purchase price of
The
is subject to adjustment for cash and indebtedness at closing,
as well as an adjustment for working capital and other items.
Kraton will finance the purchase price
through debt facilities that have been committed by
* Deutsche Bank Securities, Inc.
The seller of Arizona Chemical is
which is principally owned by
investment funds managed by
Kraton's President and Chief Executive Officer.
"This transformational acquisition will extend Kraton's technology
and market diversification, while substantially
increasing profitability and free cash flow,
creating a more robust platform for growth and
value creation for our stockholders,"
"Our stockholders will benefit from
identified pre-tax synergies of
which we expect to achieve by 2018.
Arizona Chemical has a stable and attractive margin profile,
with adjusted EBITDA margins in excess of 20%
over the past five years and an attractive cash flow profile.
On a combined basis we expect to generate
free cash-flow of more than
over the first three years of combined operations,
which will be available for debt reduction and
allocation to stockholders."
VIEW KRATON ACQUISITION OF ARIZONA PRESENTAION
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