Kraton Polymers takes stock public

Kraton Polymers, a supplier of styrenic block copolymers, has announced plans to go public.

According to a press release, the Houston-based company has not given a date for its first public stock offering, but will use the net proceeds of the stock offering to repay a portion of its senior secured credit facility. The remaining net proceeds will be used for general corporate purposes, including the funding of capital expenditures.

Originally a unit of Shell Chemical, Kraton Polymers employs approximately 800 workers and operates six plants worldwide.