Ecovyst to sell advanced materials unit to Technip Energies for $556 million (ECVT:NYSE)

Core Insights - Ecovyst has entered into a definitive agreement to sell its advanced materials & catalysts segment to Technip Energies for a purchase price of $556 million [2] - The transaction reflects a valuation of 9.8 times the EBITDA multiple for the segment being sold [2]