{"id":827286,"date":"2025-03-18T17:33:02","date_gmt":"2025-03-18T21:33:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/"},"modified":"2025-03-18T17:33:02","modified_gmt":"2025-03-18T21:33:02","slug":"ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/","title":{"rendered":"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">MALVERN, Pa.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 18, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services (&#8220;Ecovyst&#8221;), announced today that it has reached an agreement to acquire the sulfuric acid production assets of Cornerstone Chemical Company located in <span class=\"xn-location\">Waggaman, Louisiana<\/span>. The acquisition is expected to expand Ecoservices&#8217; capacity to serve regeneration and virgin sulfuric acid customers and provide for enhanced flexibility within the Company&#8217;s existing plant network in the Gulf Coast. Ecovyst plans to fund the acquisition with cash on hand, and the transaction is targeted to close in the second quarter of 2025, subject to customary closing conditions.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2243202\/Ecovyst_hi_res_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2243202\/Ecovyst_hi_res_Logo.jpg\" title=\"Ecovyst Logo (PRNewsfoto\/Ecovyst Inc.)\" alt=\"Ecovyst Logo (PRNewsfoto\/Ecovyst Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;The acquisition of Cornerstone&#8217;s sulfuric acid assets represents a unique opportunity for Ecoservices to strengthen its network of facilities and expand its ability to support the future growth needs of our customers, on a cost-efficient basis,&#8221; said <span class=\"xn-person\">George L. Vann<\/span>, President of Ecoservices. &#8220;We look forward to serving the <span class=\"xn-location\">Waggaman<\/span> plant&#8217;s existing customers and strategically incorporate the acquired assets to support the future growth needs of Ecoservices&#8217; customers.&#8221;<\/p>\n<p>&#8220;Given its proximity to our existing <span class=\"xn-location\">Baton Rouge<\/span> site and alignment with our broader Gulf Coast operations, the acquisition of Cornerstone&#8217;s sulfuric acid assets not only complements Ecoservices&#8217; current footprint but is also expected to bolster the resilience of its overall plant network. We are acquiring the assets at a cost below replacement value, aligning with our plan for executing on our high-return organic growth initiatives and targeting strategic bolt-on investments in Ecoservices. Additionally, the assets are being acquired at a transaction multiple basis that is favorable compared to Ecovyst&#8217;s current trading multiple, considering the expected pro forma EBITDA post-integration,&#8221; said <span class=\"xn-person\">Kurt J. Bitting<\/span>, Ecovyst&#8217;s Chief Executive Officer. &#8220;We believe this acquisition is well-aligned with the Company&#8217;s strategy of prioritizing and pursuing actions that will maximize Ecoservices&#8217; value creation potential for shareholders.&#8221;<\/p>\n<p>\n        <b>About\u00a0Ecovyst<\/b>\n      <\/p>\n<p>Ecovyst Inc. and subsidiaries is a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services. We support customers globally through our strategically located network of manufacturing facilities. We believe that our products and services contribute to improving the sustainability of the environment.<\/p>\n<p>We have two uniquely positioned specialty businesses: Ecoservices provides sulfuric acid recycling to the North American refining industry for the production of alkylate and provides high quality and high strength virgin sulfuric acid for industrial and mining applications. Ecoservices also provides chemical waste handling and treatment services, as well as ex-situ catalyst activation services for the refining and petrochemical industry. Advanced Materials &amp; Catalysts, through its Advanced Silicas business, provides finished silica catalysts, catalyst supports and functionalized silicas necessary to produce high performing plastics and to enable sustainable chemistry, and through its Zeolyst Joint Venture, innovates and supplies specialty zeolites used in catalysts that support the production of sustainable fuels, remove nitrogen oxides from diesel engine emissions and that are broadly applied in refining and petrochemical process.\u00a0For more information, see our website at\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4386056-1&amp;h=3507566722&amp;u=https%3A%2F%2Fwww.ecovyst.com%2F&amp;a=https%3A%2F%2Fwww.ecovyst.com\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.ecovyst.com<\/a><\/u>.<\/p>\n<p>\n        <b>Note on Forward-Looking Statements<\/b>\n      <\/p>\n<p>Some of the information contained in this press release constitutes &#8220;forward-looking statements.&#8221; Forward-looking statements can be identified by words such as &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;seeks,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;projects,&#8221; &#8220;aims&#8221; and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. These forward-looking statements speak only as of the date of this release. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by applicable law.<\/p>\n<p>\n        <b>For more information:<br \/><\/b><br \/>\n        <span class=\"xn-person\">Gene Shiels<\/span> \u2013 Director of Investor Relations<br \/>(484) 617 1225<br \/><a href=\"mailto:gene.shiels@ecovyst.com\" target=\"_blank\" rel=\"nofollow\">gene.shiels@ecovyst.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH44230&amp;sd=2025-03-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company-302405086.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company-302405086.html<\/a><\/p>\n<p>SOURCE  Ecovyst Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH44230&amp;Transmission_Id=202503181730PR_NEWS_USPR_____PH44230&amp;DateId=20250318\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MALVERN, Pa. , March 18, 2025 \/PRNewswire\/ &#8212;\u00a0Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services (&#8220;Ecovyst&#8221;), announced today that it has reached an agreement to acquire the sulfuric acid production assets of Cornerstone Chemical Company located in Waggaman, Louisiana. The acquisition is expected to expand Ecoservices&#8217; capacity to serve regeneration and virgin sulfuric acid customers and provide for enhanced flexibility within the Company&#8217;s existing plant network in the Gulf Coast. Ecovyst plans to fund the acquisition with cash on hand, and the transaction is targeted to close in the second quarter of 2025, subject to customary closing conditions.\u00a0 &#8220;The acquisition of Cornerstone&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-827286","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MALVERN, Pa. , March 18, 2025 \/PRNewswire\/ &#8212;\u00a0Ecovyst Inc. (NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services (&#8220;Ecovyst&#8221;), announced today that it has reached an agreement to acquire the sulfuric acid production assets of Cornerstone Chemical Company located in Waggaman, Louisiana. The acquisition is expected to expand Ecoservices&#8217; capacity to serve regeneration and virgin sulfuric acid customers and provide for enhanced flexibility within the Company&#8217;s existing plant network in the Gulf Coast. Ecovyst plans to fund the acquisition with cash on hand, and the transaction is targeted to close in the second quarter of 2025, subject to customary closing conditions.\u00a0 &#8220;The acquisition of Cornerstone&#8217;s &hellip; Continue reading &quot;Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-18T21:33:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2243202\/Ecovyst_hi_res_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company\",\"datePublished\":\"2025-03-18T21:33:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/\"},\"wordCount\":694,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2243202\\\/Ecovyst_hi_res_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\\\/\",\"name\":\"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company - 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(NYSE: ECVT), a leading integrated and innovative global provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services (&#8220;Ecovyst&#8221;), announced today that it has reached an agreement to acquire the sulfuric acid production assets of Cornerstone Chemical Company located in Waggaman, Louisiana. The acquisition is expected to expand Ecoservices&#8217; capacity to serve regeneration and virgin sulfuric acid customers and provide for enhanced flexibility within the Company&#8217;s existing plant network in the Gulf Coast. Ecovyst plans to fund the acquisition with cash on hand, and the transaction is targeted to close in the second quarter of 2025, subject to customary closing conditions.\u00a0 &#8220;The acquisition of Cornerstone&#8217;s &hellip; Continue reading \"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-18T21:33:02+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2243202\/Ecovyst_hi_res_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company","datePublished":"2025-03-18T21:33:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/"},"wordCount":694,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2243202\/Ecovyst_hi_res_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ecovyst-announces-agreement-to-acquire-sulfuric-acid-assets-from-cornerstone-chemical-company\/","name":"Ecovyst Announces Agreement to Acquire Sulfuric Acid Assets from Cornerstone Chemical Company - 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