en.Wedoany.com Reported - Ecovyst Inc, a supplier of sulfuric acid and related products, has completed the acquisition of Calabrian's sulfur dioxide and related sulfur derivative business from INEOS Enterprises.
The $190 million deal expands Ecovyst's operations into sulfur dioxide and related derivatives, helping to diversify its product portfolio and end-use applications.
The acquisition strengthens Ecovyst's presence in core applications such as mining and water treatment, while providing opportunities to enter adjacent industrial applications like food processing and pharmaceuticals.
Calabrian operates production facilities in Port Neches, Texas, and Timmins, Ontario, Canada.
Ecovyst CEO Kurt J. Bitting believes the transaction expands its leading sulfur solutions platform by diversifying the product portfolio, enhancing participation in end-use applications, and supporting a growth strategy focused on creating greater value for shareholders. He expects Calabrian's profit margins and cash generation capabilities, combined with identified synergy opportunities, to contribute to the company's future financial performance.
