Stepan Acquires Lipid Nutrition Product Lines; Terms not Disclosed

Stepan Company SCL announced today that its wholly owned subsidiary Stepan Specialty Products, LLC has acquired the Clarinol®, Marinol® and Pinnothin® product lines of Lipid Nutrition B.V., a part of Loders Croklaan B.V. The acquired product lines will be integrated into Stepan's Food and Health Specialties business, which will be renamed Stepan Lipid Nutrition. The acquired products will be manufactured at Stepan's Maywood, New Jersey plant as well as at existing outside contract manufacturers for sale on a global basis. Financial terms of the transaction were not disclosed.