TAGS: Sealants Polyurethane Adhesives
Stepan Company completes the acquisition of the surfactant business and associated assets of PerformanX Specialty Chemicals. The financial terms of the transaction were not disclosed.
Acquisition of intellectual property & Inventory
The acquisition includes intellectual property, commercial relationships, and inventory.
"
Alkoxylates are a core surfactant technology critical to Stepan's agriculture, oilfield, construction and household end use markets," said Scott R. Behrens, president and chief executive officer of Stepan Company.
"
We are pleased to have closed the acquisition of PerformanX and welcome PerformanX's customers to Stepan," added Behrens.
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. The company is also a supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.
Source: Stepan Company