Kraton to be acquired by DL Chemical in all-cash deal with enterprise value of about $2.5 billion

Kraton Corp. , a producer of specialty polymers and bio-based products from pine wood pulping co-products, said Monday it has agreed to be acquired by DL Chemical Co. Ltd. in an all-cash deal with an enterprise value of about $2.5 billion. Under the terms of the deal, Kraton shareholders will receive $46.50 in cash for each share owned, or a premium of about 50% over Kraton’s unaffected market valuation as of early July, according to Kraton CEO Kevin M. Fogarty. The deal is expected to create a company with the scale to create a “robust platform tot further support investment in the existing innovation pipeline and provide…