Ecovyst Inc. (NYSE:ECVT) said Thursday it will sell its Advanced Materials & Catalysts division to Technip Energies (OTC:THNPY) in a $556 million cash deal, reshaping both companies’ strategic focus. The sale values the business at roughly 10 times its 2024 adjusted EBITDA. Closing is targeted for early 2026. Ecovyst expects net proceeds of about$530 million after taxes and expenses. Kurt J. Bitting, the company’s chief executive, said the decision followed a strategic review that showed the market underv ...