Stepan Company enters into 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.
Acquisition to Support Customer Growth in Mexico
The purchase of Clariant's surfactant business in Mexico will enhance Stepan’s ability to support customers' growth in the Mexican Consumer and Functional markets for
surfactants.
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We plan to transition manufacturing from Clariant's Santa Clara site to Stepan's Mexican sites located in Ecatepec and Matamoros over the coming months," said F. Quinn Stepan, Jr., chairman, president and chief executive officer of Stepan.
Financial terms of the transaction were not disclosed. The transaction is expected to close in the third quarter of 2020, subject to regulatory approvals and satisfaction of certain other requirements.
Source: Stepan