Mexico: Business Transaction BASF Finalizes Sale of Mexican Oleochemical Surfactants Business
BASF Mexicana has completed the previously announced sale of a portion of its oleochemical surfactants business in Mexico to Stepan CDMX.
Mexico City/Mexico — The transaction includes the Mexico oleochemical surfactants product portfolio and associated intellectual property, as well as the production assets at the Ecatepec manufacturing site in Estado de Mexico. The company has transferred 108 employees to the Stepan Company.
The company's oleochemical surfactants business in the US, Europe, and Asia will continue serving customers in those markets, Scott Thomson, Senior Vice President, BASF Care Chemicals, North America, said in a statement.
This company division offers a broad range of ingredients for personal care, hygiene, home care, industrial & institutional cleaning, agricultural and technical applications. Oleochemical surfactants are used primarily for making soaps and detergents in a wide range of home care and personal care products.
BASF Mexico, Central America and the Caribbean employs than 2,500 people at twelve production sites in the region.