Stepan Company Finalizes Sale of Assets in the Philippines, Aligning with Core Growth Strategy

Stepan Company Finalizes Sale of Philippine Assets

On November 14, 2025, Stepan Company (NYSE:SCL) announced the successful closing of a pivotal transaction involving the sale of its subsidiary, Stepan Philippines Quaternaries, Inc. (SPQI). The sale of the manufacturing assets located in Bauan, Batangas, Philippines to Masurf, Inc., a subsidiary of Musim Mas Holdings Pte. Ltd., is a significant milestone in Stepan's ongoing strategic refinement toward its core growth initiatives.

The asset transfer was formalized following an agreement announced earlier in May 2025. As part of this arrangement, SPQI has established a tolling agreement with Masurf, ensuring continued service for its customers in Southeast Asia. While specific financial terms were not disclosed, this step is seen as critical in streamlining Stepan’s operations and enhancing its ability to deliver value to stakeholders.

Luis Rojo, President and CEO of Stepan Company, expressed enthusiasm regarding the transition, noting, "The successful closing of this transaction marks an important step in Stepan's ongoing strategy to sharpen our focus on core growth assets. We are pleased to have delivered on our commitment to stakeholders and to continuing positioning Stepan for future success."

With an enhanced focus on core growth assets and a comprehensive global network, Stepan is poised to maintain its trajectory of value provision to customers and stakeholders globally. The restructuring aligns with its aim to optimize performance while ensuring robust support for existing customers, thanks to the new tolling arrangement. Rojo also extended gratitude towards the Philippine team for their unwavering commitment and significant contributions over the years, stating, "They have been instrumental to our success, and we are confident the facility will thrive under Masurf's stewardship."

Background on Stepan Company

Stepan Company is a prominent manufacturer of specialty and intermediate chemicals, serving a diverse range of industries. Known as a leading merchant producer of surfactants, the company plays a crucial role in providing essential ingredients for consumer and industrial cleaning products, agricultural solutions, and oilfield chemicals. Additionally, Stepan is a key supplier of polyurethane polyols, which are essential in the growing thermal insulation market and the CASE (Coatings, Adhesives, Sealants, and Elastomers) sectors.

Headquartered in Northbrook, Illinois, Stepan operates a network of advanced production facilities across North and South America, Europe, and Asia, reinforcing its commitment to sustainability and comprehensive service delivery. The company’s operations are not only focused on growth but also on aligning with sustainability goals, further enhancing its competency in meeting modern market demands.

The sale and strategic operational adjustments underscore Stepan Company's dedication to focusing on scalable and impactful areas of growth while ensuring an uninterrupted service continuum for its clientele in the dynamic Southeast Asian market. To learn more about Stepan Company, visit www.stepan.com.

In conclusion, this significant organizational shift reflects Stepan's robust adaptability and forward-thinking approach in the ever-evolving market landscape, setting a solid foundation for future expansions and innovations. As it navigates this new chapter, Stepan’s leadership remains committed to enhancing stakeholder value and sustaining industry leadership.