Stepan completes acquisition BASF’s surfactant facility in Mexico

Stepan completes acquisition BASF's surfactant facility in Mexico

3:39 PM, 27th March 2018
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NORTHFIELD, US: Stepan Company (SCL) has completed the acquisition of surfactant production facility in Mexico from BASF Mexicana SA DE CV. Also completes the acquisition of a portion of BASF’s associated surfactants business

The facility is located close to Mexico City and has over 50,000 metric tonnes of capacity, 124,000 square footage of warehouse space, a large laboratory and office space. 

"This acquisition supports the company's growth strategy in Latin America.  We believe this acquisition significantly enhances Stepan's market position and supply capabilities for surfactants in Mexico and positions us to grow in both the Consumer and Functional markets for surfactants.  The acquisition is expected to be slightly accretive to earnings during the remainder of 2018," said Quinn Stepan, chairman, president and CEO of Stepan Company. 

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