Daelim’s $530 Million Acquisition Of Kraton Corporation Cariflex Business Unit

Baker McKenzie represented Kraton Corporation in the sale of its Cariflex business unit to Daelim Industrial Co., for a purchase price of $530 million.

Daelim Industrial Co., Ltd. provides civil engineering, architectural, and plant construction services.

Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The Company’s products are used in a wide range of applications, including adhesives, coatings, consumer and personal care products

The Kraton in-house legal team working on transaction includes James Simmons, Senior Vice President & General Counsel, Jennie Howard, Associate General Counsel and Diane Parson, Assistant General Counsel.

The Baker McKenzie team was led by partner Denmon Sigler (Picture) and includes tax partner Kai Kramer, and associates Rocio Mendoza, Rocío Ruiz, and Patrick Renckly.

Involved fees earner: Kai Kramer – Baker McKenzie; Rocio Mendoza – Baker McKenzie; Patrick Renckly – Baker McKenzie; Rocío Ruiz – Baker McKenzie; Denmon Sigler – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: Kraton Corporation;