Kraton Corporation manufactures and sells styrenic block copolymers, specialty polymers, and other products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene for paving and roofing application; styrene-isoprene-styrene for personal care application; ethylene-vinyl acetate, polyolefins, and metallocene polyolefins for adhesives application; and specialty polymers, such as hydrogenated styrenic block copolymer, isoprene rubber, and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings. The Chemical segment provides pine-based specialty products that include rosin-based tackifiers for packaging and pressure-sensitive adhesive applications; terpene-based tackifiers for bookbinding, hygiene, and pressure-sensitive adhesive applications; alpha-methyl-styrene (AMS) resins for bookbinding and pressure-sensitive adhesive applications; and hot melt polyamides for flexible packaging, industrial, and road making applications. This segment also provides tall oil fatty acids; tall oil rosin; distilled tall oil; tall oil pitch; and rosin-based binders for the thermoplastic pavement marking submarket, as well as produces insoluble maleic-based tackifiers. In addition, this segment offers terpene-based tread enhancement resins and AMS-based tread enhancement additives; and dimer acids and terpene fractions for fuel additives, oilfield chemicals, mining fluids, coatings, metalworking fluids, and lubricants. It sells its products through various channels, including direct sales force, marketing representatives, and distributors under the Kraton brand. The company was formerly known as Kraton Performance Polymers, Inc. and changed its name to Kraton Corporation in September 2016. Kraton Corporation was incorporated in 2009 and is based in Houston, Texas.
IPO Year: 2009
Exchange: NYSE
Website: kraton.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2021 | $34.00 → $46.50 | Sell → Neutral | UBS |
| 9/28/2021 | $46.50 | Buy → Hold | Loop Capital |
UBS upgraded Kraton from Sell to Neutral and set a new price target of $46.50 from $34.00 previously
Loop Capital downgraded Kraton from Buy to Hold and set a new price target of $46.50
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HOUSTON, March 30, 2021 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers, and high-value performance products derived from pine wood pulping co-products, announces that Marcello Boldrini, Kraton's Senior Vice President and Chemical Segment President, has been appointed to the additional role of Chief Sustainability Officer for Kraton Corporation. In his expanded role, Mr. Boldrini will assume responsibility for Kraton's global Sustainability strategy and related initiatives. Marcello Boldrini, Kraton Senior Vice President, Chemical Segment President, Chief Sustainability Officer "We live in a comp
PHILADELPHIA, Dec. 2, 2020 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that Shelley Bausch is joining Axalta as Senior Vice President, Global Industrial Coatings, effective January 1, 2021. "Shelley is an outstanding business leader with extensive experience in industrial products and coatings. She will lead our current Industrial Coatings businesses globally, which include energy solutions, coil, wood, general industrial and powder coatings, and drive expansion into new industrial coatings markets," said Robert W. Bryant, Axalta's President and CEO. "Shelley is a dynamic leader with experience managing complex product portfolios sold into diverse and fragment
Kraton Corporation (NYSE:KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces a general price increase of 440 USD/MT for all Kraton HSBC polymers. This price increase is driven by recent significant cost increases in raw materials, energy and logistics costs. Given the unprecedented increases for natural gas costs in Europe, additional energy surcharges will be applied to HSBC polymers produced in our HSBC plant in Berre, France. Subject to the terms of any applicable contracts, these price increases and surcharges will take effect April 1, 2022.
Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (NYSE:TGNA) Founded in 1906 and headquartered in Tysons, Virginia, TEGNA is a digital media and marketing services company. It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. We first added TEGNA as a potential deal in the works on August 16, 2019, when Apollo Global Management (NYSE:APO) approached the company about a deal. TEGNA’s price after this announcement was $14.28. On January 21, 2020, another large investor in Tegna (NYSE:TGNA) wanted the c
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Kraton Corporation (NYSE:KRA) ("Kraton"), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, today announced that its stockholders approved the proposed acquisition of Kraton Corporation by DL Chemical Co, Ltd. ("DL Chemical"). Under the terms of the definitive merger agreement with DL Chemical, Kraton stockholders will receive $46.50 in cash for each share of Kraton common stock they own. "We are pleased that our stockholders have voted overwhelmingly in favor of the merger with DL Chemical," said Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "We believe the transaction provides signi
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NEW YORK, Jan. 20, 2023 /PRNewswire/ -- As per Facts and Factors study, The global pine-derived chemicals market size was worth USD 5,293.10 Million in 2021 and is estimated to grow to USD 6,775.11 Million by 2028, with a compound annual growth rate (CAGR) of approximately 4.20%t over the forecast period. Pine-Derived Chemicals Market: Overview Compounds derived from natural renewable resources such as pine and pine trees are known as pine-derived chemicals. These compounds are collected from various parts of pine, including pine, tree trunks, and even after the distillation process of these sources. Many chemicals are by-products of manufacturing chewing gum and other products. Pine oleores
HOUSTON, June 15, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global producer of styrenic block copolymers, specialty polymers, and high-value performance products derived from pine wood pulping co-products, announces a general price increase of 330 USD/MT for all Kraton HSBC polymers. Given the unprecedented increases in raw materials, energy, and logistics, this price increase will be applied to all HSBC polymers. Subject to the terms of any applicable contracts, and surcharges will take effect July 1, 2022. ABOUT KRATONKraton Corporation (NYSE "KRA") is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. K
HOUSTON, April 4, 2022 /PRNewswire/ -- Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces a significant investment in its Alpha Methyl Styrene (AMS) Resins facility in Niort, France. Kraton expects the investment will result in a 15% production increase at the Niort manufacturing facility by 2023. In addition to the capacity increase, Kraton anticipates the investment will lead to a 70% reduction in solvent consumption, creating a favorable impact on the product life cycle by the end of 2022. Kraton's AMS Resins, also known as Pure Monomer Resins, are sold in high-end applicat
HOUSTON, March 15, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA) ("Kraton"), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, today announced that the merger pursuant to which DL Chemical Co., Ltd. ("DL Chemical") acquired Kraton, has been completed on March 15, 2022. DL Chemical acquired Kraton in an all-cash transaction valued at approximately $2.5 billion. The merger enables Kraton to strengthen its global presence by leveraging DL Chemical's manufacturing capabilities and footprint in the Asian market, along with its financial strength, allowing Kraton to further invest in industry-leading sust
HOUSTON, March 14, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, is pleased to collaborate with SABIC, a globally diversified chemicals company, to produce ISCC PLUS Certified renewable Styrenic Block Copolymers (SBC) at Kraton's manufacturing facility in Berre, France. The newly launched ISCC PLUS Certified renewable CirKular+™ ReNew Series expands Kraton's existing suite of solutions designed to advance the circular economy. With up to 70% certified renewable content, the ReNew Series offers customers the opportunity to use the mass balance approach
NEW YORK, March 11, 2022 /PRNewswire/ -- Academy Sports and Outdoors Inc. (NASD: ASO) will replace Kraton Corp. (NYSE:KRA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 16. DL Chemical Co., Ltd. is acquiring Kraton in a transaction expected to be completed on March 15. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector March 16, 2022 S&P SmallCap 600 Addition Academy Sports and Outdoors ASO Consumer Discretionary S&P SmallCap 600 Deletion Kraton KRA Materials For more information about S&P Dow Jones Indices, please visit w
HOUSTON, March 10, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products, announces a general price increase of 440 USD/MT for all Kraton HSBC polymers. This price increase is driven by recent significant cost increases in raw materials, energy and logistics costs. Given the unprecedented increases for natural gas costs in Europe, additional energy surcharges will be applied to HSBC polymers produced in our HSBC plant in Berre, France. Subject to the terms of any applicable contracts, these price increases and surcharges will take effect Apri
HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, announces a general price increase of up to 15% across its CTO Refinery products and derivatives. This increase will be effective April 1, 2022, and/or be subject to the terms of any applicable contracts and obligations. ABOUT KRATONKraton Corporation (NYSE "KRA") is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and
Issues Letter to Stockholders to Outline the Case for Meaningful Change Atop Trecora Following Years of Stagnation and Underperformance Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE:TREC), today issued the following open letter to fellow stockholders. *** February 7, 2022 Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," "we," or "us") owns approximately 11.3% of the outstanding common stock of Trecora Resources ("Trecora" or the "Company"), making us the Company's largest stockholder.1 While we believe that Trecora has significant upside potential based on its top-quality asse
HOUSTON, Feb. 1, 2022 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, is pleased to announce its CirKular+ Performance Enhancement Series C2000 and C3000 have been approved as fully compatible with recycling of polypropylene (PP) containers in Europe according to RecyClass. Pellets containing 5 wt.% of either CirKular+ C2000 or C3000 resin blended in an injection molding PP grade matrix were tested according to the Association of Plastic Recyclers (APR) Critical Guidance for PP Rigid Containers. RecyClass is a comprehensive cross-industry initiative that wor
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Issues Letter to Stockholders to Outline the Case for Meaningful Change Atop Trecora Following Years of Stagnation and Underperformance Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE:TREC), today issued the following open letter to fellow stockholders. *** February 7, 2022 Fellow Stockholders, Ortelius Advisors, L.P. (together with its affiliates, "Ortelius," "we," or "us") owns approximately 11.3% of the outstanding common stock of Trecora Resources ("Trecora" or the "Company"), making us the Company's largest stockholder.1 While we believe that Trecora has significant upside potential based on its top-quality asse
HOUSTON, Oct. 27, 2021 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces financial results for the quarter ended September 30, 2021. THIRD QUARTER 2021 SUMMARY Consolidated net income of $55.2 million, compared to consolidated net loss of $402.6 million in the third quarter of 2020. The third quarter of 2020 results include a non-cash goodwill impairment charge of $400.0 million within the Chemical segment. Adjusted EBITDA(2) of $88.1 million, up $27.8 million or 46.2%, compared to the third quarter of 2020. The $27.8 million increase in Adjusted EB
HOUSTON, July 28, 2021 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces financial results for the quarter ended June 30, 2021. SECOND QUARTER 2021 SUMMARY Consolidated net income of $38.4 million, compared to consolidated net loss of $7.1 million in the second quarter of 2020. Adjusted EBITDA(1) of $61.8 million, down $7.7 million or 11.1%, compared to the second quarter of 2020. The $7.7 million decline in Adjusted EBITDA(1) reflects $16.9 million of costs associated with a significant turnaround at the Berre, France, site. Polymer segment operatin
HOUSTON, April 28, 2021 /PRNewswire/ -- Kraton Corporation (NYSE:KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces financial results for the quarter ended March 31, 2021. FIRST QUARTER 2021 SUMMARY Consolidated net income of $34.6 million, compared to $209.0 million in the first quarter of 2020. Consolidated net income decline related to the first quarter 2020 gain on disposition of our Cariflex business.Adjusted EBITDA(1) of $67.7 million, down 13.0% compared to the first quarter of 2020. Polymer segment operating income of $39.9 million, up 122.4% compared to the first quarter of 2020, a
HOUSTON, Feb. 24, 2021 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces financial results for the quarter and year ended December 31, 2020. 2020 FOURTH QUARTER AND FULL YEAR SUMMARY Fourth quarter consolidated net loss of $21.0 million compared to consolidated net loss of $22.1 million in the fourth quarter of 2019. Fourth quarter Adjusted EBITDA(1) of $54.4 million, up 11.0% compared to the fourth quarter of 2019. Polymer segment operating income of $27.2 million in the fourth quarter of 2020, compared to operating loss of $5.2 million in the