Published: March 18, 2025
Ecovyst's business structure includes two core business units: Advanced Materials and Catalysts (AM&C) and Ecoservices. Ecovyst is headquartered in Malvern, Pennsylvania and employs more than 900 employees throughout its 12 facilities across multiple locations worldwide. The Ecoservices segment of Ecovyst is a leading North American provider of virgin sulfuric acid and sulfuric acid regeneration services.
"Cornerstone looks forward to a smooth transition of the Sulfuric Acid production to Ecovyst, and we are confident in the long-term success of that business and its employees,” said Matthew Sokol, Cornerstone’s President and Chief Executive Officer. “The sale of our Sulfuric Acid business is the next step in aligning our strategic goal of operating high-performing specialty chemical assets and a world-class Energy Park in Southern Louisiana. We thank those members of our team who are part of the Sulfuric Acid business, and we wish Ecovyst much success in the future.”
Situated along the Mississippi River in Waggaman, Louisiana, Cornerstone Energy Park serves as a prominent industrial hub and service provider. Established in 1952, the Energy Park is home to several state-of-the-art chemical manufacturing facilities, including site owner Cornerstone Chemical Company, LLC. With approximately 400 employees, Cornerstone is an industry-leading manufacturer of high-quality intermediate chemicals used for a variety of end-market applications.
Moelis & Company LLC served as exclusive financial advisor to Cornerstone in connection with the transaction, and Akin Gump Strauss Hauer & Feld LLP served as mergers and acquisitions (M&A) counsel.
Headquartered in Waggaman, Louisiana with approximately 400 employees, Cornerstone Chemical Company, LLC is an industry-leading manufacturer of high-quality intermediate chemicals, including melamine, urea, and other products used in end-market applications across industries. For more information about Cornerstone, visit https://cornerstonechemco.com/ or read about Cornerstone’s involvement in the Greater New Orleans and Louisiana communities.