Kraton Announces Sale of Compounding Business
HOUSTON, Feb. 3, 2016 /PRNewswire/ -- Kraton Performance Polymers, Inc. ("Kraton") today announced that it has completed the sale of certain assets related to its compounding business to PolyOne Corporation (NYSE "POL") for $72 million in cash. In conjunction with the sale, Kraton and PolyOne have entered into a long term supply agreement, through which Kraton has exclusive supply rights for polymers used in the divested business.
Kraton's compound sales have primarily been directed into personal care, protective film, general compounds for consumer, medical & automotive applications, with the compound sales previously reported under the Specialty Polymers business line.
Paving & Roofing
Since ancient times, bitumen has been used as a sealant and adhesive due to its remarkable waterproofing properties. In the modern world, it has long been used in many civil engineering applications, such as paving and roofing. While it has been added to asphalt mixes for decades, unmodified bitumen can become too brittle at low temperatures and too soft at higher temperatures. As cities throughout the world develop increasing dependency on reliable and age-resilient infrastructure, the limitations of unmodified bitumen create far too many challenges for contractors and civil engineers.
Kraton offers state-of-the-art polymer solutions for specialty oil gels. Our wide array of hydrogenated styrenic block copolymers (SBCs) allows for highly transparent, glossy and moisture resistant oil gel products – hallmarks of exceptional cosmetics. Our polymers are compatible with a vast range of oils and waxes, creating endless possibilities for new uses and formulations. They may be used as a gelling agent, a sole modifier, to complement other ingredients, to boost the viscosity of the oil phase and as a film former.