Announced
Completed
Financials
Tags
Acquisition
specialty surfactants
Specialty Chemicals
Majority
chemicals
Friendly
Single Bidder
Completed
Private
United States
Domestic
Synopsis
Stepan Company, a manufacturer of specialty chemicals, completed the acquisition of a surfactant business from PerformanX, a producer of surfactants and related chemistries. Financial terms were not disclosed. "Alkoxylates are a core surfactant technology critical to Stepan's agriculture, oilfield, construction and household end use markets. We are pleased to have closed the acquisition of PerformanX and welcome PerformanX's customers to Stepan," Scott R. Behrens, Stepan Company CEO.
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