Published by Todd Bush on March 8, 2022
March 07, 2022 01:00 AM Eastern Standard Time NEW YORK--(BUSINESS WIRE)--One Equity Partners ('OEP'), a middle market private equity firm, today announced that it has completed the acquisition of Norit Activated Carbon ('Norit' or 'the Company'), a global manufacturer of activated carbon for purification solutions, from corporate parent Cabot Corporation (NYSE: CBT).
'Norit has been a leading player in the activated carbon space for over 100 years, and we are excited to partner with the Norit team and help drive the company's growth and development,' said Joe Huffsmith, Managing Director, OEP.
Norit manufactures a broad portfolio of activated carbon products used for purification needs in growing sectors including renewable natural gas, food and beverage, chemicals, pharmaceuticals, air quality, water, and automotive. The Company operates two plants in North America, five facilities in Europe and participates in three joint ventures in Canada, Asia and Mexico.
'The senior management team and I are eager to collaborate closely with OEP's professionals as we continue to grow through geographic expansion, product offering diversification, technology innovation and strategic acquisitions,' said Imtiaz Kathawalla, CEO of Norit.
The global activated carbon market is expected to grow at a CAGR of ~9 percent due, in part, to increased regulatory standards around air purification, water treatment, renewable natural gas purification and pharmaceutical drug production.
About One Equity Partners
One Equity Partners ('OEP') is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💰 Cabot Corporation and Partners Selected for $5M in U.S. Department of Energy Grant to Support Continued Advancement of Global Hydrogen Economy ☀️ Eversource Energy Announces Ex...
Inside this Issue 🚌 Ballard Announces Orders for 70 Hydrogen Fuel Cell Engines for Delivery to Wrightbus in 2024 🏭 FuelPositive Announces Completion of Factory Acceptance Testing and Shipping of F...
Inside this Issue ⛽ Air Products Receives Funding to Build Two Large-Scale Hydrogen Refueling Stations in the Region of North-Rhine Westphalia Nordrhein Westfalen ✍️ VINCI Signs a Strategic Partne...
_Grant will support development of innovative, scalable manufacturing processes for producing carbon catalyst supports for fuel cells_ April 18, 2024 09:00 AM Eastern Daylight Time BOSTON--[C...
New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel
WALL, N.J.--Expanding on its sustainability leadership, [New Jersey Natural Gas](https://njng.com) (NJNG), the principal subsidiary of New Jersey Resources (NYSE: NJR), **announced it is switching ...
Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind
BOSTON & HARTFORD, Conn.--[Eversource Energy](https://www.eversource.com) (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreemen...
_Fourteen private sector and university-led projects will support sustainable industrial practices that deliver economic opportunities and a healthier climate for U.S. communities and workers_ *...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.