15 June 2015
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through its subsidiary in Brazil,
today reported that it completed
the purchase of the sulfonation production facility
in Bahia, Brazil from Procter & Gamble do Brazil S.A.
The facility is located in the northeast region of Brazil
and has 30,000 metric tons of capacity.
President and CEO of
"This acquisition expands Stepan's capabilities in Brazil.
Brazil is the world's fifth most populous country and
has a growing middle class.
As the country's usage of laundry products
transitions from soap bars to powders to liquids,
surfactant use expands.
Surfactants used in functional applications, including
the large Brazilian agricultural industry, are also increasing.
Brazil is a strategic priority for Stepan.
This acquisition is synergistic with
our existing Vespasiano, Brazil plant and provides
an opportunity to serve the growing northeast of Brazil."
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