M&A Deal Summary

Stepan Acquires Invista - Aromatic Polyester Polyol Business

On January 29, 2021, Stepan acquired chemicals company Invista - Aromatic Polyester Polyol Business from INVISTA

Acquisition Highlights
  • This is Stepan’s 2nd transaction in the Chemicals sector.
  • This is Stepan’s 1st transaction in the United States.
  • This is Stepan’s 1st transaction in Kansas.

M&A Deal Summary
Date 2021-01-29
Target Invista - Aromatic Polyester Polyol Business
Sector Chemicals
Buyer(s) Stepan
Sellers(s) INVISTA
Deal Type Divestiture

Target

Invista - Aromatic Polyester Polyol Business

Wichita, Kansas, United States
Invista - Aromatic Polyester Polyol Business are aromatic polyester polyols with a variety of functionalities, hydroxyl values, and equivalent weights. They deliver superior burn performance in industry flammability testing as well as high compressive strengths, high weight retention, and high volume retention in fire and smoke testing in polyurethane and polyisocyanurate foams.

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Buyer(S) 1

Buyer

Stepan

Northbrook, Illinois, United States
Category Company
Founded 1932
Sector Chemicals
Employees2,293
Revenue 2.3B USD (2023)
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 2 of 3
Sector (Chemicals) 2 of 3
Type (Divestiture) 2 of 3
State (Kansas) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-15 Clariant AG - Surfactant Business and Sulfate Production Equipment

Santa Clara, Mexico

Clariant AG - Surfactant Business and Sulfate Production Equipment is a provider of chemical products used in household, industrial, and personal care.

Buy -
FOLLOWING 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.

Buy -

Seller(S) 1

SELLER

INVISTA

Wichita, Kansas, United States
Category Company
Sector Apparel/Textiles
Employees10,000
DESCRIPTION

INVISTA is a large integrated fiber and intermediates business. The Company is headquartered in Wichita, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-25 Ashburn Hill

Greenville, South Carolina, United States

Ashburn Hill Corp. manufactures fire protective gear.

Buy -
Mergr

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