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Issue 7 2018 - Stapan completes the acquisition of BASF's plant in Mexico

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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Stepan Completes Acquisition of BASF's Mexico Plant
Recently, Stepan Corporation (SCL) has completed the acquisition of BASF's Mexicana SA DE CV surfactant plant in Mexico, as well as the acquisition
of part of BASF's surfactant-related businesses.
Located near Mexico City, the plant has a capacity of more than 50,000 tons, 0.
0115 square kilometers of storage space, and large laboratories and offices
.

"This acquisition supports the company's growth strategy in Latin America and we believe it will significantly strengthen Stapan's position and supply capabilities in the Mexican surfactants market and enable us to grow in the consumer and functional surfactants markets, which are expected to generate some revenue growth
during the remainder of 2018," said Stapan's Chairman of Stapan Corporation.
”

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