Mexico. BASF Mexicana closed the previously announced sale of a portion of its standard surfactant oil business in Mexico to Stepan CDMX. The transaction includes Mexico's portfolio of oleochemical surfactants products and associated intellectual property, as well as production assets at the Ecatepec manufacturing site in the State of Mexico.
BASF has transferred 108 employees to the Stepan Company.
"We thank our Ecatepec employees for their contributions and wish them success in the future as part of the Stepan team," said Scott Thomson, senior vice president, BASF Care Chemicals, North America. "Looking ahead, we will help customers in Mexico by continuing to provide home care, personal care, agricultural and industrial solutions, including optical effects, special blood pressure, actives, emulsifiers and polymers."
BASF's oleochemical surfactant business in the US, Europe and Asia will continue to serve customers in those markets. Oleochemical surfactants are mainly used to make soaps and detergents in a wide range of personal care and home care products.
