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Buys surfactant business and sulfate production equipment in Mexico from Clariant.
September 18, 2020
By: Happi Staff
Stepan Company 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. Financial terms of the transaction were not disclosed. “This acquisition supports Stepan’s growth strategy in Latin America and enhances our ability to support our customers’ growth in the Mexican consumer and functional markets for surfactants,” said F. Quinn Stepan Jr., chairman, president and chief executive officer of Stepan. “We look forward to transitioning customers’ supply to Stepan’s Ecatepec and Matamoros Mexico facilities over the coming months.” Headquartered in Northfield, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
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