Kraton Performance Polymers has engaged Abernathy MacGregor Group to handle communications for its $1.37B purchase of Arizona Chemical.
Houston-based Kraton's polymers are used in various products from adhesives and elastic in baby diapers to footwear products. CEO Kevin Fogarty called the deal a "transformational acquisition" for his company to diversify its technology and market reach, boost profits and cash flow, and create shareholder value.
Arizona's polymers, derived from pine wood pulping co-products, are used in tires, oilfield chemicals, lubricants and other applications.
AbMac managing director Jim Lucas and senior VP Rosemary Wilson in Los Angeles are advising the Kraton-Arizona deal.
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