Stepan Completes BASF Surfactant Business Acquisition
The facility is located close to Mexico City.
Stepan Co. recently announced that, through a subsidiary in Mexico, it has closed on the previously announced agreement with BASF Mexicana, S.A. DE C.V. to acquire its surfactant production facility in Ecatepec, Mexico, and a portion of the company’s associated surfactants business. The facility is located close to Mexico City and reportedly has over 50,000 m t of capacity, 124,000 sq ft of warehouse space, a laboratory, and office space.
"We welcome the Ecatepec employees that have transferred as part of the transaction to the Stepan team," said F. Quinn Stepan, Jr., chairman, president and CEO. "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."