PITTSBURGH - Calgon Carbon says it made a binding offer to acquire the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA, in a deal valued at €145.5 million (U.S. $160.1 million), including a cash purchase price of $151.5 million and assumption of unfunded pension liabilities.  
 
“With its complementary wood-based activated carbon and reactivation services businesses, similar customer base and end markets, the Activated Carbon and Filter Aid Business is a natural fit for us,” says Randy Dearth, Calgon Carbon's CEO. 
 
Calgon Carbon made an irrevocable offer to purchase the assets and busines. Upon completion of required labor group consultations, Arkema will enter into a definitive asset and stock purchase agreement with Calgon Carbon for the purchase of the Activated Carbon and Filter Aid Business.
 
“Leveraging our brand, franchise and global distribution network, this planned acquisition would create a more balanced and diverse global platform to enhance our opportunities for long-term profitable growth,” said Dearth. “The acquisition would also advance our expansion into stated strategic areas of focus." 
 
Arkema's Activated Carbon and Filter Aid Business has 300 employees and serves customers in Europe and Asia. It consists of six operating facilities located in France and Italy, including: one facility that manufactures steam activated, chemical activated, and higher-value-add washed wood-based carbons for food, industrial and pharmaceutical market customers, among other operations. 
 
For the 12 months ended December 31, 2015, the Business generated EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately €15.2 million ($16.7 million) on revenues of approximately €93.2 million ($102.5 million).

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