BRIEF-Stepan agrees to buy sulfonation production facility in Brazil

miércoles 20 de julio de 2016 07:13 GYT
 

July 20 (Reuters) - Stepan Co:

* Stepan announces agreement to acquire a commercial business and sulfonation production facility in Brazil

* Financial terms of transaction were not disclosed

* Acquisition is expected to be slightly accretive to earnings for first full year of ownership

* Unit in brazil reached agreement with Tebras Tensoativos Do Brazil Ltda to acquire their commercial business

* Transaction is expected to have minimal impact on Stepan's 2016 financial results

* Agreement with PBC Industria Quimica Ltda, to acquire their sulfonation production facility Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)