Ecovyst Acquires Sulfuric Acid Production Assets in Louisiana

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Ecovyst's newest acquisition enhances operational capabilities.

News Summary

Ecovyst Inc. has successfully acquired sulfuric acid production assets from Cornerstone Chemical Company in Waggaman, Louisiana. This strategic acquisition aims to enhance Ecovyst’s supply capabilities to meet rising demand in various industries. CEO Kurt J. Bitting expressed enthusiasm for the integration of new assets and welcomed the facility’s employees to the Ecovyst team. The transaction, focusing on leveraging cash reserves for funding, is anticipated to finalize in the second quarter of 2025, reinforcing the company’s commitment to sustainability and operational efficiency.

Waggaman, Louisiana – Ecovyst Inc. has successfully acquired the sulfuric acid production assets from Cornerstone Chemical Company located in Waggaman, Louisiana. The announcement was made public as the company completed the transaction through its wholly-owned subsidiary, Eco Services Operations Corp. The deal aims to enhance Ecovyst’s operational capabilities, ensuring better flexibility and reliability in supply to meet rising demand for sulfuric acid in various industries.

Chief Executive Officer of Ecovyst, Kurt J. Bitting, expressed enthusiasm about incorporating the new assets into the company’s network and welcomed the employees from the Waggaman facility to the Ecovyst team. With the acquisition, Ecovyst anticipates bolstering its service offerings in virgin sulfuric acid production and sulfuric acid regeneration services. This strategic move comes as a response to expected future growth in demand within the sector.

The acquisition deal, finalized with a focus on leveraging cash reserves for funding, is described as advantageous, with costs below the replacement value of the assets acquired. The transaction is set to be finalized in the second quarter of 2025, pending standard closing conditions.

George L. Vann, President of Ecoservices, underscored the importance of this acquisition, identifying it as a strategic opportunity to reinforce the existing facility network and to better accommodate the growth needs of its clients. The Waggaman site is situated near Ecovyst’s current operations in Baton Rouge, Louisiana, a location that is expected to further enhance the company’s operational resilience.

Ecovyst’s operations involve a global network of manufacturing facilities that cater to various industries, including refining and petrochemicals. The company specializes in sulfuric acid recycling, regeneration services, and specialty catalysts. This newly acquired asset is set to reinforce the company’s commitment to sustainability and operational efficiency in the sulfuric acid market, which is critical for both current and future customer requirements.

As part of this acquisition, Ecovyst remains focused on ensuring that there is no disruption to service during the integration process. The company is committed to maintaining continuity for existing customers as the new assets are incorporated into its operational framework.

The acquisition aligns with Ecovyst’s broader strategy to target high-return opportunities and to maximize value creation for its shareholders. By enhancing network capabilities and taking steps to anticipate increased demand for sulfuric acid, Ecovyst is positioning itself to strengthen its market presence and operational efficiency in the coming years.

With this transaction, Ecovyst not only underscores its dedication to providing reliable services but also emphasizes its long-term vision of ensuring sustainability within the sulfuric acid sector.