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:

  • What’s Up with Brexit?

    What’s Up with Brexit?

    March 9, 2017
    During In-Cosmetics, industry experts from the CTPA will weigh in on what’s ahead for the beauty industry.

  • How We Clean

    How We Clean

    Tom Branna, Editorial Director||March 6, 2017
    Consumers describe what makes them tick and what ticks them off about household cleaning products.

  • 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

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • The Green Dot

    The Green Dot

    John Kim and Lambros Kromidas, PhD*, Shiseido Americas||March 1, 2017
    Insights into one of the most used trademarks in the world.