Stepan Continues Footprint Optimization Through LA Asset Sale
Key Takeaways SCL closed the sale of Lake Providence, LA, manufacturing assets as part of ongoing footprint optimization.Stepan sold SPQI in the Philippines to Masurf, adding a tolling deal to continue serving Asia customers.SCL plans to exit non-core sites, boost efficiency and redeploy capital to higher-return businesses.Stepan Company (SCL) has continued to streamline its manufacturing footprint with the closure of the previously disclosed sale of the manufacturing assets in Lake Providence, LA. The tran ...