BASF sells oleochemical surfactants business to Stepan in Mexico
Date: 2018-03-28   Author: Dhananjay Punekar  Category: #industry

BASF sells oleochemical surfactants business to Stepan in Mexico

BASF SE, one of the most prominent players of the global bulk and specialty chemicals industry, has reportedly claimed that it has finalized the sale deal of a part of its oleochemical surfactants business in Mexico. The unit has been sold to Stepan CDMX, S. de R.L. de C.V. The pact includes the oleochemical surfactants product portfolio, intellectual property rights, and production assets in Estado de Mexico. Incidentally, the oleochemical surfactants business in Mexico is a part of BASF’s Care Chemicals segment. As per the terms & conditions of the pact, BASF has shifted nearly 108 employees to Stepan.

According to Michael Stumpp, President of BASF Mexicana, the sale of the specialty chemical business to Stepan will help the firm focus on other areas of its product portfolio while providing proficient services to the customers. A key official at the Care Chemicals division of BASF has stated that the decision to sell oleochemical surfactants business to Stepan in Mexico will help the firm to focus more on the important aspects pertaining to personal care, home care, emulsifiers, specialty co-surfactants, and polymers. The strategic move is also likely to help the firm’s Care Chemicals segment in Mexico to focus more on the needs of its customers and strengthen its position in the regional bulk & specialty chemicals industry.

However, the decision will not impact BASF’s oleochemical surfactants business in other regions such as Asia, the U.S., and Europe. The sale agreement, which was proposed in June last year, was supposed to be closed in the fourth quarter of 2017, subject to approvals from regulatory authorities in Mexico. However, with certain hiccups along the way, the deal has been finalized now, in the first quarter of 2018. It has been speculated that the sale deal will prove beneficial not only for Stepan but will also promote the growth of the bulk & specialty chemicals industry in North America.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Global Industrial control computer Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024
Author: Partha Ray

The ' Industrial control computer market' research report added by Market Study Report, LLC, is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valua...


Gesture Recognition Touchless Sensing Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2024
Author: Partha Ray

The ' Gesture Recognition Touchless Sensing market' study now available at MarketStudyReport.com, is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. The report also indicates a poin...


Trends of Generator Parts Accessories Market Reviewed for 2019 with Industry Outlook to 2024
Author: Partha Ray

The ' Generator Parts Accessories market' research report is latest addition by Market Study Report, LLC, that elucidates relevant market and competitive insights as well as regional and consumer information. In a nutshell, the research st...