Musim Mas Enters Into Agreement To Acquire Manufacturing Facility from Stepan to Expand Product Offerings in Surfactants
SINGAPORE, May 28, 2025 /PRNewswire/ -- Musim Mas, one of the major players in the oleochemicals industry, is pleased to announce that its subsidiary Masurf Inc. has entered into an agreement to acquire a manufacturing facility located in Bauan, Batangas province, Philippines from one of Stepan Company (NYSE: SCL) subsidiaries, Stepan Philippines Quaternaries, Inc. (SPQI). The transaction is subject to normal closing conditions.
This acquisition will strengthen Musim Mas' presence by broadening its surfactant portfolio and is expected to enhance Musim Mas Group's capabilities to meet growing market demands for high-quality surfactant products for industries such as personal care, home care, and other industrial applications.
Strategic Expansion in Surfactants
John Hall, Global Business Oleochemicals Managing Director, said "This acquisition marks an important milestone in our strategic vision to offer a comprehensive and sophisticated range of surfactant solutions. With a key focus on fabric softeners and other essential surfactants, this new facility allows us to better serve our customers while pursuing our commitment to sustainable growth and partnership."
Driving Innovation and Synergy
Aligned with Musim Mas' vision of enhancing oleochemicals portfolio, the acquisition creates synergy across our surfactants value chain. By leveraging advanced manufacturing technologies at this new facility, Musim Mas aims to deliver superior-quality surfactant ingredients that align with the evolving needs of customers across diverse sectors.
A Focus on Sustainability and Growth
Sustainability remains at the core of Musim Mas' operations. Through this acquisition, the company reinforces its commitment to responsible innovation by producing sustainable surfactant solutions.
For more information, please contact:
Carolyn LimCorporate Communicationsmedia@musimmas.com+65 6576 4770
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SOURCE Musim Mas Holdings
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Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential," "indicates," "opportunity," "possible" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. 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