CALGON CARBON COMPLETES ACQUISITION OF THE EUROPEAN ACTIVATED CARBON AND FILTER AID BUSINESS FROM CECA, A SUBSIDIARY OF ARKEMA GROUP

CALGON CARBON COMPLETES ACQUISITION OF THE EUROPEAN ACTIVATED CARBON AND FILTER AID BUSINESS FROM CECA, A SUBSIDIARY OF ARKEMA GROUP

PITTSBURGH, PA – Nov. 2, 2016 – Calgon Carbon Corporation (NYSE: CCC) (Calgon Carbon, or

the Company) announced that it completed its acquisition of the wood-based activated carbon,

reactivation and mineral-based filtration media business (the Activated Carbon and Filter Aid Business,

or the Business) from CECA.

CALGON CARBON COMPLETES ACQUISITION OF THE EUROPEAN ACTIVATED CARBON AND FILTER AID BUSINESS FROM CECA, A SUBSIDIARY OF ARKEMA GROUP

PITTSBURGH, PA – Nov. 2, 2016 – Calgon Carbon Corporation (NYSE: CCC) (Calgon Carbon, or
the Company) announced that it completed its acquisition of the wood-based activated carbon,
reactivation and mineral-based filtration media business (the Activated Carbon and Filter Aid Business,
or the Business) from CECA.
At closing, Calgon Carbon paid €140.7 million ($153.0 million) in cash and assumed €6.5 million ($7.1
million) of unfunded pension liabilities. The cash portion of the purchase price was funded through
borrowings under the Company’s recently upsized $300 million revolving credit facility.
The combined company is expected to be an industry leader in the activated carbon and filtration
media market, with enhanced diversification, a strong presence in Europe, and an expanded reach
into emerging countries. The Business will be integrated into Calgon Carbon’s European operations
and conduct business under the name Chemviron.
As previously communicated, the transaction is expected to be accretive to Calgon Carbon’s fully
diluted earnings per share in 2017, excluding purchase accounting adjustments, by $0.08 to $0.11.
The Company continues to expect to improve the Business’ EBITDA by 40% or more by 2019 through
a combination of synergies, de-bottlenecking of the wood-based activated carbon manufacturing
facility, and other operational improvement initiatives.
“I am extremely pleased to announce the completion of the acquisition of the Activated Carbon and
Filter Aid Business – a transaction that is a natural and strategic fit for Calgon Carbon,” said Randy
Dearth, Calgon Carbon’s Chairman, President, and Chief Executive Officer. “With its complementary
wood-based activated carbon and reactivation services, and its adjacent diatomaceous earth and
perlite filtration media capabilities, this addition creates a more balanced and diverse global platform
from which we expect to deliver incremental value to our customers and shareholders.
News Release
Contact: Dan Crookshank
412.787.6795
www.calgoncarbon.com
“We welcome the talented European workforce of the Business to the Calgon Carbon team, and look
forward to leveraging the combination of our deep operational knowledge and technical skills.
Working together, our near-term value creation path for the Business continues to include completing
the wood-based activated carbon manufacturing de-bottlenecking project that we believe will
significantly enhance EBITDA margins,” concluded Mr. Dearth.
Houlihan Lokey acted as Calgon Carbon’s financial adviser and Jones Day acted as Calgon Carbon’s
legal counsel for the transaction.