Kraton Corporation
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Kraton Corporation - overview
Established
1995
Location
Houston, TX, US
Primary Industry
Chemicals
About
Founded in 1995 and based in Texas, US, Kraton Corporation is a provider of styrenic block copolymers, coatings, adhesives, sealants, and lubricants for the automotive, oil, medical, personal care, and construction industries. Kevin M. Fogarty is the president and CEO of the company. In September 2021, DL Chemical Co.
, Ltd. agreed to fully acquire Kraton Corporation for USD 2. 5 billion in cash. Krafton provides products in polymer and chemical segments that include kraton™ d sis, kraton™ d milled sis, kraton™ d sbs and sbs oe, aquatac™, century™, sylfat™ products, and more.
Kraton develops, manufactures, and markets these products that deliver exceptional value and enhance the lives of people globally. The company manufactures materials that differentiate its customers’ products and meet multi-market needs. The firm provides superior product development, exceptional technical service, sustainable solutions, and reliable quality supply. Kraton has more than 800 customers across a diverse range of end markets in over 70 countries worldwide.
The organization generated revenue of USD 1804 million and USD 1563 million in 2019 and 2020 respectively. The September 2021 acquisition will enable Kraton Corporation to diversify its products and expand into global markets.
Primary Industry
Chemicals
Sub Industries
Paints & Coatings, Commodity Chemicals, Adhesives & Sealants
Website
www.kraton.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Kraton Corporation - timeline of key events
Kraton Corporation - financials
| Fiscal Year Ended | Nov 10, 2003 | Nov 10, 2004 | Nov 10, 2005 | Nov 10, 2006 | Nov 10, 2007 | Nov 10, 2008 | Nov 10, 2009 | Nov 10, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 600,000,000 | - | - | - | - | - | - | - | 1,437,479,000 | 1,423,122,000 | 1,292,121,000 | 1,230,433,000 | 1,034,626,000 | 1,744,104,000 | 1,960,362,000 | 2,011,675,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - | (9.2%) | (4.8%) | (15.9%) | 68.6% | 12.4% | 2.6% | - | - | - |
| EBITDA (USD) | - | - | - | - | - | - | - | - | 190,850,000 | 99,850,000 | 96,026,000 | 99,223,000 | 82,789,000 | 278,637,000 | 353,875,000 | 400,117,000 | - | - | - |
| Operating Income (USD) | - | - | - | - | - | - | - | - | 121,393,000 | 32,418,000 | 25,608,000 | 30,922,000 | 18,637,000 | 136,251,000 | 202,124,000 | 250,734,000 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | 8.4% | 2.3% | 2.0% | 2.5% | 1.8% | 7.8% | 10.3% | 12.5% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | 13.3% | 7.0% | 7.4% | 8.1% | 8.0% | 16.0% | 18.1% | 19.9% | - | - | - |
| NET Income (USD) | - | - | - | - | - | - | - | - | 90,925,000 | (16,191,000) | (975,000) | 1,210,000 | (12,529,000) | 104,640,000 | 92,646,000 | 70,521,000 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | 6.3% | (1.1%) | (0.1%) | 0.1% | (1.2%) | 6.0% | 4.7% | 3.5% | - | - | - |
Kraton Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | Kraton Corporation's Cariflex business unit | - | ||||||||
| Trade Sale | Completed | Arizona Chemical | - | ||||||||
| Private Placement/Follow on | Completed | Kraton Corporation | - | ||||||||
| Private Placement/Follow on | Completed | Kraton Corporation | - | ||||||||
| IPO | Completed | Kraton Corporation | - |
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Kraton Corporation - employee data
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