HOUSTON - Kraton Polymers LLC has completed the previously announced purchase of all of the outstanding shares of capital stock of Arizona Chemical Holdings Corp. (Arizona). Arizona is the largest global provider of pine-based specialty chemicals.

"Today we are pleased to announce that we have completed the acquisition of Arizona Chemical Holdings Corporation. Through the combination of Kraton and Arizona Chemical, we create a global leader in specialty materials technology, manufacturing, and geographical presence, providing value-added products and innovations serving a diversified range of end markets through a broad portfolio of highly engineered polymers and specialty chemicals. The scale, complementary market positions, attractive margin profile and expected strong free cash flow generation capability of the combined company will serve as a strong foundation for future growth," said Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "We now turn our focus to the implementation of our integration plan and the anticipated realization of $65 million of identified transaction synergies. To help ensure a seamless transition, both Kees Verhaar, Arizona's former President and Chief Executive Officer, and Frederic Jung, Arizona's former Vice President and Chief Financial Officer, have agreed to serve in an advisory capacity to Kraton after closing."