# STEAG SCR-Tech acquires CORMETECH from Corning and Mitsubishi Heavy Industries

STEAG SCR-Tech, Inc. acquired CORMETECH, Inc., an environmental catalyst manufacturer, from Corning Incorporated and Mitsubishi Heavy Industries. Terms were not disclosed.

- Type: Acquisition
- Announced: 2017-08-15
- Where: Durham, North Carolina, United States
- Status: completed
- Products: environmental catalysts, SCR catalyst management services
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Mitsubishi Heavy Industries](https://endata.com/companies/493.md) (partner)
- [Corning](https://endata.com/companies/1685.md) (partner)
- [STEAG SCR-Tech](https://endata.com/companies/26288.md) (acquirer)
- [CORMETECH](https://endata.com/companies/26289.md) (target)

## Sources

- [lincolninternational.com](https://www.lincolninternational.com/transactions/corning-incorporated-and-mitsubishi-heavy-industries-have-sold-cormetech-to-steag-scr-tech/), 2017-08-15: "CORMETECH is the industry’s leading environmental catalyst manufacturer and full life cycle catalyst management and service solution provider."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.