Six Flags stock rises after appointing John Reilly as new CEO
NORTHBROOK, Ill. - Stepan Company (NYSE:SCL) announced Thursday it has completed the sale of its subsidiary, Stepan Philippines Quaternaries, Inc. (SPQI), to Masurf, Inc., a subsidiary of Musim Mas Holdings Pte. Ltd. The specialty chemical manufacturer has seen its shares decline 33.11% year-to-date, currently trading near its 52-week low of $41.82.
The transaction, which closed on November 14, involves manufacturing assets located in Bauan, Batangas, Philippines. As part of the deal, SPQI entered into a tolling agreement with Masurf to continue serving customers in Southeast Asia. Financial terms were not disclosed.
"The successful closing of this transaction is an important step in Stepan’s ongoing strategy to sharpen our focus on core growth assets," said Luis Rojo, President and Chief Executive Officer of Stepan, according to the company’s press release.
The sale fulfills an Asset Transfer Agreement previously announced on May 27, 2025. The company indicated the transaction aligns with its strategic priorities to focus on core business segments.
Stepan Company, headquartered in Northbrook, Illinois, manufactures specialty and intermediate chemicals used in various industries. The company produces surfactants for cleaning and agricultural applications, and polyurethane polyols for thermal insulation and other industrial uses.
The company operates production facilities across North and South America, Europe, and Asia. Stepan’s common stock trades on the New York Stock Exchange under the symbol SCL.
In other recent news, Stepan Company reported its third-quarter 2025 earnings, which fell short of analysts’ expectations. The company announced an earnings per share (EPS) of $0.48, missing the forecasted $0.62, resulting in a negative surprise of 22.58%. Revenue also came in below expectations, totaling $590.28 million compared to the anticipated $593.65 million. These results have drawn attention from investors and analysts alike. The financial figures highlight challenges the company faced during the quarter. Analysts from various firms are likely to reassess their positions based on this performance. The earnings miss may prompt further analysis from financial institutions. Stepan Company’s recent developments are crucial for stakeholders monitoring the company’s financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.