Indonesian palm oil company the Musim Mas Group has agreed to acquire a surfactants manufacturing facility in the Philippines from speciality chemicals manufacturer Stepan Company.
The acquisition of the facility in Bauan, Batangas province, from the Stepan Philippines Quaternaries subsidiary would broaden Musim Mas’ surfactant portfolio, allowing it to meet growing market demand for high-quality surfactants for personal care, home care and other industrial applications, the company said on 27 May.
“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,” Musim Mas global business oleochemicals managing director John Hall said.
Musim Mas said the acquisition through its Masurf subsidiary was subject to normal closing conditions.
The company sources raw materials from Malaysia and Indonesia, with the latter acting as its main operational base. The food processing company has production plants across Asia and Europe and has operations in 13 countries.
It also operates palm oil plantations, mills and refineries, producing palm oil products and derivatives.
Its main research and development (R&D) centre is based in Singapore and its global marketing activities are undertaken by Inter-Continental Oils and Fats (ICOF).
