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Stepan Announces Acquisition of INVISTA's Aromatic Polyester Polyols Business

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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On January 29, 2021, Stepan announced that it has acquired the aromatic polyester polyol business and related assets of Invista

company

F.
Quinn Stepan, Chairman and Chief Executive Officer of Stepan, said: "We are excited to bring Invista's polyester polyol production capacity to Stepan

"We believe that the long-term prospects for the application of polyols for rigid polyurethane foams in insulation remain strong as energy conservation efforts and stricter building regulations continue to drive market growth

Management will provide additional views on the acquisition during Stepan's fourth-quarter and full-year 2020 earnings conference call on February 18, 2021

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