HOUSTON, Sept. 14, 2016 /PRNewswire/ -- Kraton Performance
Polymers, Inc. (NYSE: KRA), a leading global producer of styrenic
block copolymers, specialty polymers and high-value performance
products derived from pine wood pulping co-products, today
announced that it has changed its name to Kraton Corporation
effective September 14, 2016.
"The acquisition of Arizona Chemical Holdings Corporation in
January of this year was a transformational event for Kraton.
The combination of two industry-leading companies significantly
expanded the scope and scale of our global operations and expanded
our product offering beyond our legacy styrenic block copolymer and
specialty polymer products to include a wide range of specialty
chemical products based upon renewable resources," said
Kevin M. Fogarty, Kraton's President
and Chief Executive Officer. "In light of the broadened
product offering, and more importantly, to mark the establishment
of a new corporate entity that has been created by combining the
best of the former Kraton and Arizona organizations, we have changed the
company's name to Kraton Corporation."
The company's common stock will continue to trade under the
ticker symbol "KRA" on the New York Stock Exchange. Holders
of stock certificates bearing the prior corporate name need not
take any action at this time. Such stock certificates
continue to be valid and need not be exchanged.
ABOUT KRATON
Kraton Corporation, formerly known as Kraton Performance Polymers,
Inc. (NYSE "KRA") is a leading global producer of styrenic block
copolymers, specialty polymers and high-value performance products
derived from pine wood pulping co-products. Kraton's polymers
are used in a wide range of applications, including adhesives,
coatings, consumer and personal care products, sealants and
lubricants, and medical, packaging, automotive, paving and roofing
applications. As the largest global provider in the pine
chemicals industry, the company's pine-based specialty products are
sold into adhesive, road and construction and tire markets, and it
produces and sells a broad range of chemical intermediates into
markets that include fuel additives, oilfield chemicals, coatings,
metalworking fluids and lubricants, inks, flavors and fragrances
and mining. Kraton offers its products to a diverse customer
base in over 60 countries worldwide.
For Further Information:
H. Gene Shiels 281-504-4886
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SOURCE Kraton Corporation