Calgon Carbon Corporation has made a binding offer to acquire the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA (Activated Carbon and Filter Aid Business). The transaction is valued at €145.5 million ($160.1 million USD), which includes a cash purchase price of €137.7 million ($151.5 million) and the assumption of unfunded pension liabilities. Completion of the transaction is subject to various customary conditions and regulatory clearances. Calgon Carbon has entered into an agreement with certain subsidiaries of Arkema, where it has made an irrevocable offer to purchase the assets and business, subject to the conditions stated above. Upon completion of required labor group consultations, Calgon Carbon expects that certain Arkema subsidiaries will enter into a definitive asset and stock purchase agreement with for the purchase of the Activated Carbon and Filter Aid Business.


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