Ecovyst (US:ECVT) Prnewswire·2026-01-02 06:00Core Viewpoint - Ecovyst Inc. has completed the sale of its Advanced Materials & Catalysts segment to Technip Energies, which is expected to create significant value for stockholders and enhance financial flexibility [2]. Group 1: Sale Details - The sale is expected to generate net proceeds of approximately $530 million after taxes and transaction expenses [2]. - The company plans to use $465 million of the net proceeds to pay down its Term Loan, resulting in a Net Debt Leverage Ratio below 1.5x [2][10]. Group 2: Management Commentary - Ecovyst's CEO, Kurt J. Bitting, emphasized that the sale allows the company to realize the intrinsic value of the business and supports growth strategies and capital return to stockholders [2]. - Technip Energies' CEO, Arnaud Pieton, highlighted that the acquisition will enhance their offerings by combining catalysts and advanced materials with process technologies [2]. Group 3: Financial Advisors - Lazard Frères & Co. LLC served as financial advisor to Ecovyst, while Evercore acted as financial advisor to Technip Energies [3]. - Ropes & Gray LLP and Babst, Calland, Clements and Zomnir, P.C. provided legal counsel to Ecovyst, and Gibson, Dunn & Crutcher LLP served as legal counsel to Technip Energies [3]. Group 4: Company Background - Ecovyst Inc. is a leading provider of virgin sulfuric acid, sulfuric acid regeneration services, and ex-situ catalyst activation services, contributing to environmental sustainability [4]. - The Ecoservices business of Ecovyst provides sulfuric acid recycling and high-quality virgin sulfuric acid for various industrial applications [5]. Group 5: Technip Energies Overview - Technip Energies is a global technology and engineering company with a focus on LNG, hydrogen, and sustainable chemistry, generating revenues of €6.9 billion in 2024 [6]. - The company is committed to bridging prosperity with sustainability through its diverse business segments and a workforce of over 17,000 employees [6].