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Stock impact report

Ecovyst Announces Agreement to Sell its Advanced Materials & Catalyst Segment to Technip Energies [Yahoo! Finance]

Ecovyst Inc. (ECVT) 
Company Research Source: Yahoo! Finance
leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services , announced today that it entered into a definitive agreement to sell its Advanced Materials & Catalysts segment to Technip Energies ("Buyer"), a global technology and engineering company, for a purchase price of $556 million. The transaction represents a 9.8x EBITDA multiple on the segment's Adjusted EBITDA for the year ended December 31, 2024, adjusted for standalone operating costs and employee stock compensation. The closing of the transaction is anticipated in the first quarter of 2026, pending regulatory approvals and satisfaction of customary closing conditions. Ecovyst Logo (PRNewsfoto/Ecovyst Inc.) "The Advanced Materials & Catalyst segment is a high-quality business with attractive margins. We determined that the market undervalued the segment, prompting a strategic review. We believe this sale, approved by our Board, Show less Read more
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