Stepan Finalizes Acquisition of Surfactant BusinessSeptember 21, 2020
Stepan Co. has successfully finalized its agreement with Clariant S.A. de C.V. to purchase Clariant’s anionic surfactant business.
In addition to the business division, the acquisition also includes associated sulfation equipment located in Santa Clara, Mexico. Financial terms of the purchase were not disclosed.
“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., Stepan CEO. “We look forward to transitioning customers’ supply to Stepan’s Ecatepec and Matamoros Mexico facilities over the coming months.”
Stepan Co. is a Northfield, Illinois-based global manufacturer of specialty and intermediate chemicals used in consumer products and industrial applications. For more information, visit www.stepan.com.