The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Sep. 19, 7:32 AM

Slide #4. Stepan Company Surfactant Business and Sulfate Production Equipment in Mexico from Clariant

Acquirer: Stepan Company (NYSE:SCL)
Acquiree: Surfactant Business and Sulfate Production Equipment in Mexico from Clariant
Details: Stepan Company (NYSE: SCL) today reported that, through subsidiaries in Mexico, it has closed on an agreement with Clariant (Mexico) S.A. de C.V. to acquire Clariant's anionic surfactant business and associated sulfation equipment located in Santa Clara, Mexico. Financial terms of the transaction were not disclosed.

Stepan is engaged in the production and sale of specialty and intermediate chemicals, which are sold to other manufacturers for use in a variety of end products. Co. has three reportable segments: Surfactants, which are used in a variety of consumer and industrial cleaning compounds as well as in agricultural products, lubricating ingredients, oil field chemicals and other applications; Polymers, which are used primarily in plastics, building materials, refrigeration systems and coatings, adhesives, sealants and elastomers applications; and Specialty Products, which are used in food, flavoring, nutritional supplement and pharmaceutical applications.

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Company Name: 
Stepan Co.
Stock buyback: 
SCL buyback
Website: 
www.stepan.com
Sector: 
Specialty Chemicals
Number of ETFs Holding SCL: 
66
Total Market Value Held by ETFs: 
$598.31M
Total Market Capitalization: 
$2.56B
% of Market Cap. Held by ETFs: 
23.39%
 

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