{"id":28932,"date":"2015-10-01T07:51:13","date_gmt":"2015-10-01T05:51:13","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=http%3A%2F%2Fwww.plasticsnews.com%2Farticle%2F20150928%2FNEWS%2F150929915%2Fkraton-buys-renewable-specialty-chemical-maker"},"modified":"2015-09-30T13:42:20","modified_gmt":"2015-09-30T11:42:20","slug":"kraton-buying-arizona-chemical-for-1-4bn","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/kraton-buying-arizona-chemical-for-1-4bn\/","title":{"rendered":"Kraton buying Arizona Chemical for $1.4bn"},"content":{"rendered":"<p>Kraton Performance Polymers is making a billion-dollar move into renewable specialty chemicals. Rhone then sold a majority interest to another private equity firm, American Securities LLC, in 2010.<\/p>\n<p>Houston-based Kraton is a leading global producer of engineered polymers that are used in a wide variety of applications including consumer and personal care items, adhesives and coatings, electronics, medical supplies, automotive components, and paving and roofing materials.<\/p>\n<p>\u201cThis transformational acquisition will extend Kraton\u2019s technology and market diversification, while substantially increasing profitability and free cash flow\u201d.<\/p>\n<p>\u201cArizona Chemical has a stable and attractive margin profile, with adjusted EBITDA margins in excess of 20 percent over the past five years and an attractive cash flow profile\u201d.<\/p>\n<p>\u201cIn addition, given the renewable nature of Arizona Chemical\u2019s product and technology offerings, the complementary growth we foresee can be accomplished while reducing our overall exposure to hydrocarbon-based feedstocks\u201d.<\/p>\n<p>Kraton said it is targeting $65 million in synergies by 2018 and expects the deal to add $1.40 to its per-share earnings in the first full year after closing.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kraton Performance Polymers is making a billion-dollar move into renewable specialty chemicals.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[10963,3411,2711,2547],"class_list":["post-28932","post","type-post","status-publish","format-standard","hentry","category-bio-based","supplier-american-securities-llc","supplier-arizona-chemical","supplier-kraton-performance-polymers-inc","supplier-lcy-chemical-corporation"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/28932","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=28932"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/28932\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=28932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=28932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=28932"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=28932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}