Musim Mas, a global player in the oleochemicals sector, has signed an agreement through its subsidiary Masurf Inc. to acquire a manufacturing facility in Bauan, Batangas, Philippines, from Stepan Philippines Quaternaries, Inc. (SPQI), a subsidiary of U.S.-listed Stepan Company (NYSE: SCL).
The transaction remains subject to customary closing conditions.
The facility will expand Musim Mas’ surfactant manufacturing capacity in Southeast Asia, enabling the group to meet rising demand across the personal care, home care, and industrial sectors.
The acquisition is part of Musim Mas’ strategy to strengthen its regional supply chain and enhance its surfactant portfolio with a focus on fabric softeners and related chemical products.
Located in the Calabarzon region—one of the Philippines’ most industrialized corridors—the Bauan facility will play a critical role in supporting Musim Mas’ downstream value chain and provide greater proximity to key customers in the region.
The company expects the acquisition to deliver operational synergies by integrating the facility with its existing oleochemical platforms.
The move also supports Musim Mas’ sustainability agenda, as the group continues to invest in technologies and processes that promote responsible production.
The acquired plant is expected to align with Musim Mas’ sustainability goals by offering environmentally responsible surfactant solutions tailored to evolving market demands.
The acquisition follows a series of strategic initiatives by Musim Mas to expand its global footprint and manufacturing capabilities, particularly in the surfactants segment, which has seen rising demand amid consumer preference for hygiene and wellness products.
Business News Asia