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Daelim Industrial to acquire U.S. Kraton's chemical business

All News 19:27 October 30, 2019

SEOUL, Oct. 30 (Yonhap) -- Daelim Industrial Co., a major construction and petrochemical firm in South Korea, said Wednesday it will acquire a chemical business of U.S. Kraton Corp. for 618.2 billion won (US$529.9 million).

To acquire the Cariflex business of Kraton, Daelim Industrial will set up a subsidiary in the U.S., the company said in a regulatory filing.

The planned acquisition is aimed at helping bolster its line-up of higher-value chemical products, according to the filing.

Daelim Industrial is the No.-3 builder in South Korea in terms of building capacity, according to recent government data.

Daelim Industrial to acquire U.S. Kraton's chemical business - 1


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