Stepan Company has closed on an agreement to acquire Clariant’s anionic surfactant business and associated sulfation equipment located in Santa Clara, Mexico.
WHO: Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries. Headquartered in Northfield, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe, and Asia.
IN THEIR OWN WORDS: “This acquisition supports Stepan’s growth strategy in Latin America and enhances our ability to support our customers’ growth in the Mexican Consumer and Functional markets for surfactants,” said F. Quinn Stepan, Jr., Chairman, President, and Chief Executive Officer of Stepan. “We look forward to transitioning customers’ supply to Stepan’s Ecatepec and Matamoros Mexico facilities over the coming months.”
- Stepan Company working through subsidiaries in Mexico has closed on an agreement with Clariant (Mexico) S.A. de C.V. to acquire Clariant’s anionic surfactant business and associated sulfation equipment located in Santa Clara, Mexico.
- The financial terms of the transaction were not disclosed.
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