Stepan acquire BASF’s surfactant facility in Mexico

Stepan to acquire BASF’s surfactant facility in Mexico

6:19 AM, 19th June 2017
Stepan logo

NORTHFIELD, US: Stepan Company (SCL), through a subsidiary in Mexico, has reached an agreement with BASF Mexicana SA DE CV to acquire its surfactant production facility in Ecatepec, Mexico and a portion of its 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. 

The transaction is expected to close in the fourth quarter of 2017.

"The 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," said F Quinn Stepan Jr, chairman, president and CEO of Stepan Company.

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