Calgon Carbon to acquire filtration group for €145.5m
Calgon Carbon is set to acquire the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA (the Activated Carbon and Filter Aid Business).
The transaction is valued at €145.5 million ($160.1 million), which includes a cash purchase price of €137.7 million ($151.5 million).
For the 12 months ended December 31, 2015, the CECA business generated EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately €15.2 million ($16.7 million) on revenues of approximately €93.2 million ($102.5 million).
Randy Dearth, Calgon Carbon’s chairman, president and CEO, said: “With its complementary wood-based activated carbon and reactivation services businesses, similar customer base and end markets, the Activated Carbon and Filter Aid Business is a natural fit for us.
“Importantly, the acquisition would also advance our expansion into stated strategic areas of focus by extending our production capabilities into adjacent filtration media – diatomaceous earth and perlites; broadening our end markets to include the pharmaceutical industry; and giving us an immediate gateway into the activated carbon market in India, one of our targeted emerging geographies.”
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