Singapore, 27 May 2025 – Musim Mas, one of the major players in the oleochemicals industry, is pleased to announce that its subsidiary Masurf Inc. has entered into an agreement to acquire a manufacturing facility located in Bauan, Batangas province, Philippines from one of Stepan Company (NYSE: SCL) subsidiaries, Stepan Philippines Quaternaries, Inc. (SPQI). The transaction is subject to normal closing conditions.
This acquisition will strengthen Musim Mas’ presence by broadening its surfactant portfolio and is expected to enhance Musim Mas Group’s capabilities to meet growing market demands for high-quality surfactant products for industries such as personal care, home care, and other industrial applications.
Strategic Expansion in Surfactants
John Hall, Global Business Oleochemicals Managing Director, said “This acquisition marks an important milestone in our strategic vision to offer a comprehensive and sophisticated range of surfactant solutions. With a key focus on fabric softeners and other essential surfactants, this new facility allows us to better serve our customers while pursuing our commitment to sustainable growth and partnership.”
Driving Innovation and Synergy
Aligned with Musim Mas’ vision of enhancing oleochemicals portfolio, the acquisition creates synergy across our surfactants value chain. By leveraging advanced manufacturing technologies at this new facility, Musim Mas aims to deliver superior-quality surfactant ingredients that align with the evolving needs of customers across diverse sectors.
A Focus on Sustainability and Growth
Sustainability remains at the core of Musim Mas’ operations. Through this acquisition, the company reinforces its commitment to responsible innovation by producing sustainable surfactant solutions.
About Musim Mas
Musim Mas Group is an integrated palm oil company globally, operating in 13 countries. From plantations, mills, refineries, kernel-crushing plants, oleochemicals, and specialty fats plants, Musim Mas manufactures palm oil products and value-added derivatives. Musim Mas is one of the largest palm oil producers in the world. The Group develops innovative value-added solutions for its customers, supported by Research and Development (R&D) centres in Singapore and Indonesia. Inter-Continental Oils and Fats (ICOF), a member of Musim Mas Group, undertakes global marketing activities.
The Group is committed to sustainability and was the first company with significant operations in Indonesia to join the Roundtable on Sustainable Palm Oil (RSPO) in 2004. Committed early to emissions reductions, Musim Mas is a signatory to the Agriculture Sector Roadmap to 1.5 Degrees convened by the Tropical Forest Alliance. The roadmap aims to halt commodity-linked deforestation in line with the 1.5-degree pathway while enhancing the livelihoods of smallholder farmers and supporting the sector’s transformation toward forest-positive land-use management. In January 2024, Musim Mas announced that it will strive to achieve net zero by 2050, aligning with climate science as per the Science Based Targets Initiative (SBTi). Musim Mas also manages the most extensive independent smallholder programs in Indonesia.
For more information, please contact:
Carolyn Lim
Corporate Communications
media@musimmas.com
+65 6576 4770
