NORTHFIELD, IL — Stepan Co., Northfield, Illinois, recently closed on the acquisition of a fermentation plant located in Lake Providence, Louisiana. Financial terms of the transaction were not disclosed.
"Fermentation is a new platform technology for Stepan Company as we look to commercialize next generation surfactants. Bio-surfactants, produced via fermentation, are attractive due to their favorable biodegradability, low toxicity, and in some cases, unique antimicrobial properties," said F. Quinn Stepan Jr., Chairman and Chief Executive Officer of Stepan Co.