Breaking News

P&G To Sell Sulfonation Production Unit

July 16, 2014

Stepan to take over Brazilian facility.

Procter & Gamble do Brasil has sold its sulfonation production facility in Bahia, Brazil to Stepan Company. The deal is subject to approval by the Brazilian antitrust authorities and by the Industrial Development Superintendence of Bahia State, as well as other customary closing conditions. The facility is located in the northeast region of Brazil and has 30,000 metric tons of capacity. 

"This acquisition will expand Stepan's capabilities in Brazil.  Brazil is the world's fifth most populous country and has a growing middle class.  As the country's usage of laundry products transitions from soap bars to powders to liquids, surfactant use expands.  Surfactants used in functional applications, including the large Brazilian agricultural industry, are also increasing.  Brazil is a strategic priority for Stepan; this acquisition is synergistic with our existing Vespasiano, Brazil plant and provides an opportunity to serve the growing northeast of Brazil." said F. Quinn Stepan Jr., president and CEO.
 
The transaction is projected to close in the third or fourth quarter. Financial terms were not disclosed.

Related End-User Markets:

Related Raw Materials:

  • Monday Morning Quarterback

    Monday Morning Quarterback

    Christine Esposito, Associate Editor||February 6, 2017
    Super Bowl commercials are big business. Let’s look at some of personal and household care brands that bought spots this year

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • The Top Stories of 2016

    The Top Stories of 2016

    December 26, 2016
    The companies and topics that grabbed headlines and your attention this year.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Relief for Sensitive Scalps

    Relief for Sensitive Scalps

    Guadalupe Pellon and Annette Mehling , BASF||February 2, 2017
    BASF researchers detail the attributes of the company’s highly effective hair care system focusing on scalp sensitivity.

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.