03:37 AM EDT, 09/11/2025 (MT Newswires) -- Ecovyst ( ECVT ) agreed to sell its advanced materials and catalysts business to Technip Energies for $556 million, the companies said in separate statements early Thursday.

The deal, which requires regulatory approval, is expected to complete in Q1.

Ecovyst ( ECVT ) expects the sale to generate proceeds of about $530 million after taxes and transaction-related expenses, Chief Executive Kurt Bitting said.

The business has three manufacturing facilities in the US and Europe, and 330 employees, according to Technip.