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Announced

Ecovyst to acquire the sulfuric acid production assets from Cornerstone Chemical.

Synopsis

Ecovyst, a provider of advanced materials, specialty catalysts, virgin sulfuric acid and sulfuric acid regeneration services, agreed to acquire the sulfuric acid production assets from Cornerstone Chemical, a manufacturer of intermediate chemicals. Financial terms were not disclosed. "The acquisition of Cornerstone's sulfuric acid assets represents a unique opportunity for Ecoservices to strengthen its network of facilities and expand its ability to support the future growth needs of our customers, on a cost-efficient basis. We look forward to serving the Waggaman plant's existing customers and strategically incorporate the acquired assets to support the future growth needs of Ecoservices' customers," George L. Vann, Ecoservices President.

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