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Transaction includes manufacturing site in Ecatepec, Estado de Mexico
March 28, 2018
By: Anthony Locicero
Copy Editor, New York Post
BASF Mexicana, S.A. de C.V. closed the previously announced sale of a portion of its oleochemical surfactants business in Mexico to Stepan CDMX, S. de R.L. de C.V. The transaction includes the Mexico oleochemical surfactants product portfolio and associated intellectual property, as well as the production assets at the Ecatepec manufacturing site in Estado de Mexico. BASF has transferred 108 employees to the Stepan Company. “We thank our Ecatepec employees for their contributions and wish them future success as part of the Stepan team,” said Scott Thomson, SVP, BASF Care Chemicals, North America. “Moving forward, we will help customers in Mexico by continuing to provide home care, personal care, agricultural and industrial solutions, including optical effects, specialty co-surfactants, actives, emulsifiers and polymers.” BASF’s leading oleochemical surfactants business in the U.S., Europe, and Asia will continue serving customers in those markets. Oleochemical surfactants are used primarily for making soaps and detergents in a wide range of home care and personal care products.
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