M&A Deal Summary

Musim Mas Group Acquires Stepan Co s Bauan Manufacturing Facility

On May 27, 2025, Musim Mas Group acquired chemicals company Stepan Co s Bauan Manufacturing Facility from Stepan

Acquisition Highlights
  • This is Musim Mas Group’s 1st transaction in the Chemicals sector.
  • This is Musim Mas Group’s 1st transaction in Philippines.

M&A Deal Summary

Date 2025-05-27
Target Stepan Co s Bauan Manufacturing Facility
Sector Chemicals
Buyer(s) Musim Mas Group
Sellers(s) Stepan
Deal Type Divestiture

Target

Stepan Co s Bauan Manufacturing Facility

Batangas, Philippines
Stepan Co's Bauan Manufacturing Facility manufactures specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation-related products.

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Buyer(S) 1

Buyer

Musim Mas Group

Singapore, Singapore

Category Company
Sector Manufacturing
DESCRIPTION

Musim Mas Group is an integrated palm oil company that manufactures palm oil products and value-added derivatives from plantations, mills, refineries, kernel-crushing plants, oleochemicals, and specialty fats plants. The Group develops innovative value-added solutions for its customers, supported by Research and Development (R&D) centres in Singapore and Indonesia. Inter-Continental Oils and Fats (ICOF), a member of Musim Mas Group, undertakes global marketing activities. Musim Mas Group is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Stepan

Northbrook, Illinois, United States

Category Company
Founded 1932
Sector Chemicals
Employees2,296
Revenue 2.2B USD (2024)
DESCRIPTION
Stepan's corporate headquarters in Northfield, Illinois.
Stepan's corporate headquarters in Northfield, Illinois.

Stepan is a producer of specialty and intermediate chemicals used in household, industrial, personal care, agricultural, food and insulation related products. Stepan was founded in 1932 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Philippines M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 PerformanX Specialty Chemicals Surfactant Business

Ohio, United States

PerformanX Specialty Chemicals' Surfactant Business and Associated Assets provides Nonionic Surfactants, Anionic Surfactant, and Amphoteric Surfactants.

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