Stepan Announces Acquisition of Fragrant Polyester Polyol Company from INVISTA

NORTHFIELD, Unwell., Jan. 29, 2021 /PRNewswire/ — Stepan Organization (NYSE: SCL) currently announced that it has bought INVISTA’s aromatic polyester polyol business enterprise and connected assets. Incorporated in the transaction are two production websites, a person in Wilmington, NC (United States) and the other in Vlissingen (the Netherlands), and mental house, purchaser relationships, stock and performing capital. The company acquired has global product sales of close to $100 million. This acquisition was financed with funds on hand and is predicted to be accretive to Stepan’s EBITDA margins.

“We are excited to increase INVISTA’s polyester polyol abilities to Stepan. This acquisition expands our production functionality in equally the United States and Europe, improves our company continuity capabilities for the sector and supports the growth of our world-wide rigid polyol small business. We assume that INVISTA’s readily available spare potential, furthermore debottlenecking opportunities in both equally plants, will enable Stepan to help marketplace development in a money successful way,” stated F. Quinn Stepan, Jr. Chairman and Chief Govt Officer of Stepan. “We imagine the extended-term potential customers for rigid polyol use in insulation stay sturdy as vitality conservation attempts and a lot more stringent creating codes should continue on to push sector expansion. On top of that, we feel the acquired technologies will accelerate our solution leadership initiatives, travel manufacturing efficiencies and output, and produce enhanced benefit for the in general current market. We glance ahead to offering the highest level of provider to our new customers and are thrilled to incorporate the new workers and the two new web pages to our world polyester polyol production network.”

Administration will provide additional viewpoint on this acquisition as section of Stepan Company’s fourth quarter and total yr 2020 benefits convention get in touch with on February 18, 2021.

Company Profile

Stepan Organization is a main company of specialty and intermediate chemical compounds used in a broad range of industries. Stepan is a leading service provider producer of surfactants, which are the key ingredients in purchaser and industrial cleaning and disinfection solutions and in agricultural and oilfield remedies. The Business is also a primary provider of polyurethane polyols employed in the expanding thermal insulation current market, and Scenario (Coatings, Adhesives, Sealants, and Elastomers) industries.

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Headquartered in Northfield, Illinois, Stepan utilizes a community of contemporary creation amenities found in North and South The usa, Europe and Asia.

The Firm’s common stock is traded on the New York Inventory Trade (NYSE) underneath the image SCL. For far more data about Stepan Firm remember to pay a visit to the Corporation on the web at www.stepan.com

Much more data about Stepan’s sustainability program can be identified on the Sustainability website page at www.stepan.com

Make contact with: Luis E. Rojo 847-446-7500

Particular details in this news launch is composed of forward-on the lookout statements within the that means of the Non-public Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Trade Act of 1934, as amended. These statements include things like statements about Stepan Firm’s options, aims, techniques, economical general performance and outlook, tendencies, the amount of money and timing of long run cash distributions, prospective buyers or long run activities and entail acknowledged and mysterious challenges that are complicated to predict. As a end result, Stepan Company’s genuine financial benefits, functionality, achievements or potential clients may possibly differ materially from all those expressed or implied by these ahead-searching statements. In some conditions, you can detect forward-seeking statements by the use of words these kinds of as “might,” “could,” “anticipate,” “intend,” “system,” “search for,” “foresee,” “feel,” “estimate,” “steering,” “predict,” “probable,” “continue,” “most likely,” “will,” “would,” “should,” “illustrative” and versions of these phrases and identical expressions, or the damaging of these phrases or identical expressions. These types of forward-searching statements are automatically based upon estimates and assumptions that, whilst deemed reasonable by Stepan Firm and its management based mostly on their information and knowledge of the small business and field, are inherently unsure. These statements are not guarantees of potential general performance, and stockholders really should not area undue reliance on ahead-hunting statements.

There are a selection of risks, uncertainties and other critical factors, quite a few of which are past Stepan Company’s regulate, that could cause genuine success to differ materially from the forward-hunting statements contained in this information launch. This kind of challenges, uncertainties and other essential variables incorporate, among the other variables, the dangers, uncertainties and components described in Stepan Company’s Type 10-K, Form 10-Q and Kind 8-K stories and displays to these studies, and include things like (but are not restricted to) challenges and uncertainties similar to the effects of the COVID-19 pandemic incidents, unplanned creation shutdowns or disruptions in production amenities minimized demand from customers because of to client merchandise reformulations or new technologies our incapacity to successfully create or introduce new goods compliance with laws our capability to establish suitable acquisition candidates and productively finish and integrate acquisitions global levels of competition volatility of uncooked content and energy expenditures and source disruptions in transportation or major improvements in transportation costs downturns in certain industries and basic financial downturns international enterprise challenges, together with currency trade charge fluctuations, authorized limitations and taxes unfavorable resolution of litigation from us preserving and preserving mental house rights our potential to access funds marketplaces international political, military services, stability or other instability expenditures linked to enlargement or other cash assignments interruption or breaches of details know-how methods our means to retain govt administration and vital staff and our debt covenants.

These forward-wanting statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise these forward-searching statements, irrespective of whether as a outcome of new facts, potential gatherings or if not.

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Source Stepan Corporation