Calgon Carbon Acquires Industrial Reactivated Carbon Business from Sprint Environmental Services, LLC

Calgon Carbon Corporation (“Calgon Carbon” or “the Company”), a subsidiary of Kuraray Co., Ltd. (TYO: 3405) (“Kuraray”), disclosed today its exclusive agreement with Sprint Environmental Services, LLC to purchase its industrial reactivated carbon business. The acquisition encompasses 21 employees and an industrial carbon reactivation plant situated near Houston, Texas.

Lisa Reese, Senior Vice President of Industrial Solutions and Diversified Applications, commented, "This acquisition aligns seamlessly with our objectives. The industrial carbon reactivation sector has experienced significant expansion in recent years, with increasing recognition of carbon reactivation as an optimal recycling and disposal solution across various industries."

The completion of the transaction is anticipated by July 2024.

The Company presently operates five strategically positioned reactivation facilities throughout the United States, two of which possess the capability to manage RCRA hazardous waste. Carbon reactivation not only serves as a cost-efficient solution but also enables customers to mitigate liabilities linked to alternative disposal methods, diminish CO2 emissions, and promote carbon recycling.

Calgon Carbon, a wholly-owned subsidiary of Kuraray Co., Ltd. (TYO: 3405) (Kuraray), stands as a global leader in producing and distributing advanced activated carbon products derived from coal, wood, and coconut sources. These products are available in various forms including granular, powdered, pelletized, and cloth, catering to diverse purification requirements worldwide. With a comprehensive range of solutions spanning over 700 applications, Calgon Carbon addresses needs in areas such as drinking water, wastewater treatment, pollution control, and various industrial and commercial manufacturing processes. Headquartered in Pittsburgh, Pennsylvania, Calgon Carbon employs approximately 1440 individuals and operates 20 facilities dedicated to manufacturing, reactivation, innovation, and equipment fabrication across the U.S., Asia, and Europe, operating under the name Chemviron in the latter region. Acquired by Kuraray in March 2018, Calgon Carbon continues its mission alongside its parent company, leveraging complementary products and services to deliver top-quality and innovative activated carbon and filtration media products, equipment, and services to customers globally.

Since its establishment in 2015, Sprint Environmental has been delivering top-tier adsorption solutions, emission controls, and comprehensive turnkey services to clients throughout the Gulf Coast region. With a collective industry experience exceeding 50 years, Sprint Environmental Service embodies a customer-centric and solution-driven ethos, offering localized representation across all organizational levels. From ownership and management to sales, technical support, service, operations, and administration, all facets of the company are situated in the Gulf Coast region, streamlining the business process for reliability and convenience. Sprint Environmental Service plays a pivotal role in local vapor and liquid regulatory compliance, facilitates waste reporting through profiling and spent carbon tracking processes, and provides Certificates of Reactivation documentation. Furthermore, the company actively promotes sustainability initiatives by reactivating and recycling spent carbon directly within the Gulf Coast area.