Evonik Industries to acquire Porocel Corporation for $210 million

Evonik Industries AG entered into a definitive agreement to acquire Porocel Corporation for $210 million, expected to close by end of 2020.

“The purchase price (enterprise value) is 9.1x times adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2019.”marketscreener.com

• 1 source
• marketscreener.comEvonik Industries AG entered into a definitive agreement to acquire Porocel Corporation for $210 million.MarketScreenerAug 25, 2020

Summarized from public sources; check the original articles before acting on it.