© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(January 29) – Houston-based Kraton Performance Polymers, Inc. has entered a definitive agreement to combine with Taiwan-based LCY Chemical Corp.’s styrenic block polymer (SBC) operations, which creates a $2 billion revenue company.
Baker Botts represented Kraton in the transaction, with Houston corporate partners Stephen Massad and Paul Perea as the lead attorneys. Also involved were commercial real estate partner Chris Wilson, Austin environmental partner Aileen Hooks and partners from the firm’s Washington, D.C. and London offices.
In-house attorneys from Kraton who were involved include Vice President and General Counsel Steve Duffy, Jay Simmons and Kelly Booth.
Before joining Kraton in 2008, Duffy served as counsel to the international law firm Curtis, Mallet-Prevost, Colt & Mosle, where he was responsible for domestic and international energy sector transactions. He also was the senior vice president for legal and government affairs at Paramount Petroleum Corporation and the vice president, global general counsel and secretary for KoSa B.V.
Prior to this transaction, Baker Botts represented Kraton in a significant Asian joint venture.
Attorneys from Skadden, Arps, Slate, Meagher & Flom’s Washington, D.C. office represented LCY in the transaction.
The deal is expected to close in the fourth quarter of 2014. The combined company will be incorporated in the United Kingdom, led by Kraton President and Chief Executive Officer Kevin Fogarty and headquartered in Houston.
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