OK
The Universal Selection Source:
Adhesives Ingredients
Industry News

J6 Polymers Acquires Stepan’s Specialty Polyurethane Systems Business

Published on 2015-02-17. Author : SpecialChem

NORTHFIELD, Ill., -- Stepan Company announced the sale of its Specialty Polyurethane Systems business ("KITS") to J6 Polymers, LLC. The 2014 net sales associated with this business were $2.8 million.

The sale was for cash and included inventory as well as customer and supplier lists, intellectual property, formulations, manufacturing procedures and all other information required to operate the business. The Company expects to report a pretax one-time gain of between $2.5 million and $3.0 million during the first quarter from the sale proceeds. Other terms of the agreement were not disclosed.

The products associated with this business are produced at the Company's Millsdale, Illinois facility and third party toll manufacturers. During a transition period, the products produced at the Company's Millsdale, Illinois facility will be toll produced for J6 Polymers, LLC.

"This transaction will allow our Polymer business segment to redeploy resources to further improve growth and innovation in our line of polyols for Coatings, Adhesives, Sealants and Elastomers (CASE) applications," said F. Quinn Stepan Jr., President and CEO of Stepan Company.

About Stepan Company

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is one of the leading merchant producers of surfactants, which are the key ingredients in consumer and industrial cleaning compounds. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and C.A.S.E. (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northfield, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia. The common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL.

About J6 Polymers LLC

J6 Polymers LLC is a privately held family company established in 2014. It creates exceptional value to its owners, customers and community by increasing sales and profits and driving new product introductions into the Polymer Industry worldwide.

Source: Stepan Company
 


FEICA 2018 European Adhesive and Sealant Conference and EXPO
Channel Alerts

Receive weekly digests on hot topics

Back to Top