Stepan purchases the Aromatic Polyester Polyol business from INVISTA

摘要

Stepan Company has purchased INVISTA's aromatic polyester polyol business and associated assets.Included in the transaction are two manufacturing sites,one in Wilmington,NC(United States) and the other in Vlissingen(the Netherlands),and intellectual property,customer relationships,inventory and working capital.The business acquired has global sales of approximately $100 million.”We are excited to add INVISTA's polyester polyol capabilities to Stepan.This acquisition expands our manufacturing capability in both the United States and Europe,enhances our business continuity capabilities for the market and supports the growth of our global rigid polyol business.We expect that INVISTA's available spare capacity,plus debottlenecking opportunities in both plants,will allow Stepan to support market growth in a capital efficient way,”said F.Quinn Stepan,Jr.Chairman and Chief Executive Officer of Stepan.”We believe the acquired technology will accelerate our product leadership initiatives,drive manufacturing efficiencies and output,and create increased value for the overall market".