July 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Stepan Co. (NYSE: SCL) said that its wholly-owned subsidiary, Stepan Europe S.A.S., has acquired all of the shares of Alfa Systems Sp. z o.o. from its shareholders, Chemitex Holding Ltd. and Chemovil Holdings Ltd.

The purchase includes Alfa Systems' new plant located in Brzeg Dolny, just outside of Wroclaw, Poland with 25,000 metric tons of polyester polyol capacity and 15,000 metric tons of polyurethane systems capacity.

According to Stepan, the plant started up in mid-2009 and specializes in the manufacture of aromatic polyester polyols from recycled polyethylene terephthalate as a raw material.

Financial terms of the transaction were not disclosed.

F. Quinn Stepan Jr., CEO of Stepan, said "Polyester polyols are the critical component of our Polymer business. The acquisition of Alfa Systems gives us manufacturing capability in Eastern Europe and the ability to economically and effectively serve customers in Central and Eastern Europe."

Stepan’s global polyester polyol manufacturing network includes Millsdale, Illinois; Wesseling, Germany; and a joint venture in Nanjing, China.

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

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