# 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.

- Type: Acquisition
- Announced: 2020-08-26
- Where: United States
- Value: $210.0M
- Status: announced
- Products: catalysts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Evonik Industries](https://endata.com/companies/5809.md) (acquirer)
- [Porocel Corporation](https://endata.com/companies/49484.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/EVONIK-INDUSTRIES-AG-13066670/news/Evonik-Industries-AG-entered-into-a-definitive-agreement-to-acquire-Porocel-Corporation-for-210-mil-33724674/), 2020-08-25: "The purchase price (enterprise value) is 9.1x times adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2019."

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