Daelim Industrial-backed DL Chemical, a petrochemical company, completed the acquisition of Kraton, a specialty chemicals company that primarily manufactures elastomers and synthetic replacements for rubber, for $2.5bn. "Today marks an exciting new chapter for Kraton. We are thrilled to be part of the DL Chemical group and look forward to working with their talented team to advance our sustainable business even further," Marcello Boldrini, Kraton Co-CEO.