Stepan Company Completes Sale of Philippine Assets, Advancing Strategic Focus on Core Growth

Core Insights - Stepan Company successfully closed the sale of its subsidiary, Stepan Philippines Quaternaries, Inc. (SPQI), to Masurf, Inc., a subsidiary of Musim Mas Holdings Pte. Ltd., on November 14, 2025, as part of its strategic focus on core growth assets [1][2] - The transaction includes a tolling agreement with Masurf to ensure continued service for SPQI customers in Southeast Asia, highlighting Stepan's commitment to maintaining customer relationships [1][2] - Stepan's President and CEO emphasized the importance of this transaction in positioning the company for future success and expressed gratitude to the Philippines team for their contributions over the past three decades [2] Company Profile - Stepan Company is a major manufacturer of specialty and intermediate chemicals, particularly known for its surfactants used in cleaning, disinfection, and agricultural solutions [3] - The company also supplies polyurethane polyols for the thermal insulation market and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries [3] - Headquartered in Northbrook, Illinois, Stepan operates a global network of modern production facilities across North and South America, Europe, and Asia [4]