Evonik to acquire US catalyst rejuvenation firm Porocel
27.08.2020
MOSCOW (MRC) -- Evonik Industries says it is acquiring catalyst rejuvenation firm Porocel Group (Houston, Texas) for USD210 million, as per the company's press release.The purchase price is 9.1 times adjusted EBITDA in 2019, which Evonik says "is an attractive valuation for a high-quality asset in the catalyst sector." The transaction will be financed by Evonik's "strong cash position" an