KRATON Polymers to Go to Ripplewood Holdings
The sale of the non-U.S. business and completion of the global deal can only take place after completing formal consultation with staff representatives where needed and the necessary approvals from appropriate regulatory authorities have been obtained.
The Shell Group’s KRATON Polymers business manufactures and markets thermoplastic elastomers that are used in applications such as adhesives and sealants, asphalt/bitumen modification, footwear, and molded and extruded products.
The Group has manufacturing plants in the United States, the Netherlands, Germany, France, Brazil and Japan (via a joint venture with JSR Corp.). In addition, there are global sales and marketing networks, and research and development facilities. The business has annual revenues of approximately $600 million.