Evonik to acquire US catalyst rejuvenation firm Porocel

Evonik to acquire US catalyst rejuvenation firm Porocel
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

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

Full article at mrcplast.com

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