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Stepan Signs Agreement with BASF to Acquire Surfactant Production Facility in Mexico

Published on 2017-06-19. Author : SpecialChem

NORTHFIELD, Ill. -- Stepan Company, through a subsidiary in Mexico, has reported that it has reached an agreement with BASF Mexicana, S.A. DE C.V. to acquire its surfactant production facility in Ecatepec, Mexico and a portion of its associated surfactants business.

Stepan Signs Agreement with BASF to Acquire Surfactant Production Facility in Mexico
Stepan Signs Agreement with BASF to Acquire Surfactant
Production Facility in Mexico

Acquisition & Growth


The facility is located close to Mexico City and has over 50,000 metric tons of capacity, 124,000 square footage of warehouse space, a large laboratory and office space.

The definitive agreement is subject to closing conditions and the satisfaction of certain other requirements. The transaction is expected to close in the fourth quarter of 2017 and is expected to have minimal impact on Stepan's 2017 financial results. Financial terms of the transaction were not disclosed.

Chairman, President and CEO of Stepan Company, F. Quinn Stepan Jr. said:

"The acquisition supports the Company's growth strategy in Latin America. We believe this acquisition significantly enhances Stepan's market position and supply capabilities for surfactants in Mexico and positions us to grow in both the Consumer and Functional markets for surfactants."

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Source: Stepan Company
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