Ecovyst completes Waggaman, Louisiana sulfuric acid asset acquisition
Key highlights
- Eco Services Operations Corp., a wholly‑owned Ecovyst subsidiary, completed purchase of Cornerstone Chemical’s Waggaman, Louisiana sulfuric acid production assets.
- Ecovyst expects the assets to increase network flexibility and improve supply reliability for customers.
- The acquisition expands capacity to serve anticipated growth in demand for virgin sulfuric acid and sulfuric acid regeneration services.
- Ecovyst will integrate the Waggaman team and assets into its existing network.
Transaction completed
Eco Services Operations Corp., a wholly‑owned subsidiary of Ecovyst Inc., has completed its acquisition of the Waggaman, Louisiana sulfuric acid production assets from Cornerstone Chemical Company.
Operational impact
Ecovyst expects the addition of the Cornerstone assets to translate into increased network flexibility and greater supply reliability for the benefit of its customers, while providing a significant increase in capacity to serve anticipated future growth in demand for virgin sulfuric acid and for sulfuric acid regeneration services.
Integration
The company said it will integrate the Cornerstone assets into its existing network and has welcomed the Waggaman team as new colleagues.
Source: investor.ecovyst.com