Stepan Company, through a subsidiary in Mexico, announced that it has reached an agreement with BASF Mexicana, S.A. DE C.V. to acquire its surfactant production facility in Ecatepec, Mexico, and a portion of its associated surfactants business. The facility is located close to Mexico City and has over 50,000 t/y of capacity, 11,519 m2 (124,000 square feet) of warehouse space, a large laboratory and office space. The definitive agreement is subject to closing conditions and the satisfaction of certain other requirements. The transaction is expected to close in the fourth quarter of 2017. Financial terms of the transaction were not disclosed.