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Stepan acquires sulfonation plant in Brazil from P&G

4:53 PM MDT | July 21, 2014 | —Vincent Valk

Stepan says it has acquired a sulfonation production plant in Bahia, Brazil, from Procter & Gamble (P&G) for an undisclosed sum. The plant, in the country’s northeast, has a capacity of 30,000 m.t./year, and the deal is expected to close in the second half of this year, subject to approval by Brazilian authorities and closing conditions. No financial terms have been disclosed, but the acquisition should have “minimal” impact on Stepan’s 2014 financial results, the company says. Stepan uses a continuous falling film sulfonation...

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