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Stepan Completes Acquisition of Surfactant Business and Sulfate Production Equipment in Mexico from Clariant
Sep. 30, 2020
Stepan Company
United StatesFollow
United States
Clariant International Ltd
SwitzerlandFollow
SwitzerlandStepan Company (NYSE: SCL) recently reported that, through subsidiaries in Mexico, it 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. Financial terms of the transaction 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., 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."
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