Europe: Calgon’s Arkema acquisition completed

Calgon Carbon Corporation has completed its acquisition of the wood-based activated carbon, reactivation and mineral-based filtration media business from CECA. At closing, Calgon Carbon paid €140.7 million ($153.0 million USD) in cash and assumed €6.5 million ($7.1 million) of unfunded pension liabilities. The combined company is expected to be an industry leader in the activated carbon and filtration media market, with enhanced diversification, a strong presence in Europe and an expanded reach into emerging countries. The business will be integrated into Calgon Carbon’s European operations and conduct business under the name Chemviron.