General
Ecovyst sells advanced materials & catalysts segment to Technip Energies for $530 million
Net proceeds from the sale will provide for significantly reduced leverage and enhanced financial flexibility
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By ICN Bureau | January 03, 2026
Ecovyst, a leading provider of sulfuric acid and catalyst services, has completed the sale of its Advanced Materials & Catalysts segment to Technip Energies, marking a major strategic shift for the company.
"We believe the sale of our Advanced Materials & Catalysts segment creates significant value for our stockholders by allowing us to realize the intrinsic value of the business," said Kurt J. Bitting, Ecovyst's Chief Executive Officer.
"Net proceeds from the sale will provide for significantly reduced leverage and enhanced financial flexibility that we believe will support the implementation of our growth strategies as well as the active return of capital to stockholders through our existing stock repurchase authorization."
He added, "We want to thank the Advanced Materials & Catalysts team for their valued contributions to Ecovyst, and we wish them continued success as part of Technip Energies."
Technip Energies hailed the acquisition as a milestone. "Closing this transaction is an important milestone in the evolution of Technip Energies. With Advanced Materials & Catalysts, we are combining a differentiated catalysts and advanced materials platform with our process technologies and engineering expertise, creating an integrated offering that helps our customers to improve efficiency, reliability and emissions performance across their assets," said Arnaud Pieton, CEO of Technip Energies.
"We are very happy to welcome Advanced Materials & Catalysts teams and look forward to working together to deliver the next phase of growth for our customers and stakeholders."
Ecovyst expects net proceeds after taxes and transaction expenses to reach roughly $530 million, bringing its Net Debt Leverage Ratio below 1.5x. The company has already used $465 million of the proceeds to pay down its Term Loan.
