Kraton studying sale of medical elastomers business

Houston, Texas – Kraton Corp. has initiated a strategic review into its Cariflex business which might result in the sale of the unit, the company announced 19 Feb.

The Cariflex business produces polyisoprenes for healthcare applications, including surgical gloves and various medical devices.

Products are claimed to be “superior” alternatives to natural rubber as they are free of naturally-occurring proteins.

“We believe that the high-margin Cariflex business and its attractive growth prospects are not appropriately valued as part of Kraton,” said Kevin Fogarty, Kraton’s president and CEO.

Selling off…

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