Win's $210 million acquisition of U.S.-based Porocel accelerates catalyst business growth.

Through the acquisition of Porocel, Umtron will acquire its catalyst regeneration technology and existing capacity-catalyst regeneration technology to help reduce CO2 emissions and develop a circular economy . . . the acquisition further strengthens Ulgen's portfolio of robust, high-margin specialty chemicals to announce a $210 million acquisition of the U.S. Porocel Group to accelerate the growth of its catalyst business.
, based in Houston, Texas, has an efficient regeneration technology for desulfurization catalysts that can be used to produce low-sulfur fuels, the market demand is growing.
technology can reduce CO2 emissions by more than 50% compared to the production of new desulfurization catalyst products.
addition, Porocel's existing capacity will help Win accelerate the expansion of its fixed bed catalyst business.
acquisition is an important step in Creating's portfolio development strategy.
our business focuses on robust, high-margin specialty chemicals.
we are systematically expanding our share of our specialty chemicals business to make our business more attractive.
," said Ku Leman, chairman of Ingtron Industries.
's purchase price (corporate value) of 9.1 times adjusted EBITDA for 2019 is attractive for the catalyst industry's premium assets.
deal is pending approval by the relevant authorities and is expected to be completed by the end of 2020.
2019, Porocel's sales were about $100 million and its EBITDA was about $23 million.
margin before interest, tax, depreciation and amortization was about 23%, above the target range of 18% to 20%.
the past three years, Porocel has significantly improved EBITDA levels through code-added research and development capabilities and the development of new products.
300 employees worldwide and has plants in the United States, Canada, Luxembourg and Singapore.
Porocel's global reach helps increase the global reach of Vctrol's catalyst business.
complements Ingtron's existing catalyst portfolio and its existing productivity, the acquisition will provide significant growth opportunities for Win.
forecasts that sales of the integrated catalyst business will increase significantly to more than 500 million euros by the end of 2025 without the need for additional capacity investment.
are essential in the production of many chemicals and clean fuels.
catalyst market is characterized by a wide range of product applications, strong cycle resistance, high growth rate (about 4%).
One of our biggest considerations in terms of acquisitions and portfolio positioning, particularly the circular economy.
" said Claus Rettig, head of Ingtroon's Smart Materials business unit.
the growing demand for sulfur-free fuels, CO2 reduction and resource conservation, the acquisition of Porocel will help us better meet these needs.
technology can significantly reduce CO2 emissions compared to the production of new catalyst products.
regenerative catalysts are as productive as new products, but at a much lower cost.
acquisition is expected to bring key customers to Win's refining and petrochemical industries.
Porocel's business revolves around the core technology of "desulfurization catalyst regeneration", which includes purification adsorbent business, sulfur recovery catalyst business and hydrogenation treatment services.
McHugh, President and Chief Operating Officer of Porocel, said, "Our innovation comes from the company's talent team, which is very much in line with Creating's corporate culture.
look forward to working together to drive business to the next level.
" deal will be completed through Ingtrol's robust free cash flow.
.