The acquired business, which has sales of around €93 million and employs more than 300 people, will be integrated into Calgon Carbon’s European operations and conduct business under the name Chemviron.
“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 CEO. “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.”
Calgon Carbon paid €140.7 million (US$153.0 million) in cash and assumed €6.5 million (US$7.1 million) of unfunded pension liabilities. The cash portion of the purchase price was funded through borrowings under the company’s recently upsized US$300 million revolving credit facility.
CECA is a subsidiary of Arkema Group.