Stepan Company reports 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.
Acquisition to Support Customer Growth in Mexico
Stepan is one of the leading merchant producers of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions.
The acquisition 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.
“
We look forward to transitioning customers' supply to Stepan's Ecatepec and Matamoros Mexico facilities over the coming months,” said F. Quinn Stepan, Jr., Chairman, President and Chief Executive Officer of Stepan.
The financial terms of the transaction were not disclosed.
Source: Stepan