Calgon Carbon plans to acquire CECA activated carbon business.

The US-based parent company of Chemviron Carbon, Calgon Carbon Corporation (NYSE: CCC), plans to acquire the European wood-based activated carbon and filter aid business of CECA, a subsidiary of Arkema Group, in a transaction valued at…

The US-based parent company of Chemviron Carbon, Calgon Carbon Corporation (NYSE: CCC), plans to acquire the European wood-based activated carbon and filter aid business of CECA, a subsidiary of Arkema Group, in a transaction valued at €145.5 million.

 

The deal, which is due ot be completed in Q4 2016, will add complementary wood-based activated carbon manufacturing capabilty to CCC's existing product porfolio, as well as extending Chemviron Carbon's geographical reactivation capacity in Europe.

 

Calgon Carbon's official press release can be viewed via these links (in English and French), and Arkema's press release is available here.