Stepan Announces Agreement to Sell Lake Providence, LA Assets

Core Viewpoint - Stepan Company has announced an agreement to sell its manufacturing assets in Lake Providence, LA, as part of its ongoing efforts to optimize its footprint and focus on core growth opportunities [1] Group 1: Transaction Details - The sale follows a recent divestiture of a plant in the Philippines, indicating a strategic shift towards optimizing operations [1] - The transaction is subject to normal closing conditions and is expected to close before the end of the year, pending the completion of due diligence [1] - Terms of the transaction have not been disclosed [1] Group 2: Company Profile - Stepan Company is a major manufacturer of specialty and intermediate chemicals, particularly known for its surfactants used in cleaning and disinfection products, as well as in agricultural and oilfield solutions [1] - The company is also a leading supplier of polyurethane polyols for the thermal insulation market and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries [1] - Headquartered in Northbrook, Illinois, Stepan operates modern production facilities across North and South America, Europe, and Asia [1]