Wedoany.com Report-Dec.5, Stepan Company (Northbrook, Illinois) has signed an agreement to sell its specialty chemical manufacturing assets in Lake Providence, Louisiana, to an undisclosed buyer.

The divestiture continues Stepan's strategic portfolio optimization programme, which most recently included the sale of its Philippines production facility. These moves allow the company to concentrate resources on higher-growth segments and strengthen its core operations.

Earlier this year, Stepan announced significant capital investments to expand U.S. capacity for alpha olefin sulfonates and alkoxylates, reinforcing its commitment to key product lines and North American manufacturing.

The Lake Providence transaction remains subject to standard closing conditions, including completion of due diligence. Both parties expect to finalise the sale before the end of 2025. Financial terms have not been disclosed.

The sale aligns with Stepan's ongoing efforts to streamline its global manufacturing footprint while directing capital toward areas with stronger long-term growth potential.