CF Industries Acquires Waggaman Ammonia Production Facility from Incitec Pivot

Astec Industries Acquires CWMF, LLC for $67.5M

January 2, 2026

Manufacturing

Astec Industries, Inc. completed the acquisition of CWMF, LLC for $67.5 million in cash, adding roughly $50 million of annual revenue to Astec's Infrastructure Solutions segment. The purchase is expected to be EPS-accretive, improve gross profit and adjusted EBITDA margins, deliver synergies by the end of year one, and expand Astec's capacity and regional customer relationships in the Midwest, South-Central and Great Lakes regions.

Honeywell Acquires Air Products' LNG Process Technology and Equipment Business for $1.81B

September 30, 2024

Energy

Honeywell has completed the $1.81 billion cash acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business. The divestiture transfers related assets, intellectual property, manufacturing capability (including the Port Manatee, Florida coil-wound heat exchanger facility) and approximately 475 employees to Honeywell as Air Products refocuses on its industrial gases and clean hydrogen growth strategy.

Koch Ag & Energy Solutions Acquires Iowa Fertilizer Company (IFCO) from OCI Global

August 29, 2024

Agriculture

Koch Ag & Energy Solutions (KAES) completed the acquisition of Iowa Fertilizer Company LLC (IFCO) from OCI Global for $3.6 billion on a cash-free, debt-free basis, closing Aug. 29, 2024 (deal signed Dec. 18, 2023). The Wever, Iowa facility — commissioned in 2017 with capacity of 3.5 million metric tons of nitrogen fertilizers and diesel exhaust fluid annually — joins Koch's fertilizer platform, expanding its US production footprint and eastern U.S. market reach.

Technip Energies Acquires Ecovyst's Advanced Materials & Catalysts Business

January 3, 2026

Manufacturing

Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) segment in a transaction reported around $556 million, bringing approximately 330 AM&C employees into Technip. Ecovyst expects net proceeds of about $530 million (using $465 million to pay down term debt), while Technip said the deal expands its catalysts and advanced materials capabilities to support sustainable fuels, circular chemistry and carbon-capture applications.

Ecovyst Acquires Sulfuric Acid Operations from Cornerstone Chemical Company

March 18, 2025

Manufacturing

Ecovyst has purchased the sulfuric acid operations of Cornerstone Chemical Company in Waggaman, Louisiana. The divestiture transfers Cornerstone's sulfuric acid business to Ecovyst, a global provider of specialty catalysts, virgin sulfuric acid and regeneration services, to expand its Ecoservices capabilities.

Woodside Energy Acquires OCI's 1.1 Mtpa Clean Ammonia Project in Beaumont, Texas

August 5, 2024

Energy

Woodside Energy Group Ltd completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., taking ownership of the 1.1 million tonne-per-annum Clean Ammonia project in Beaumont, Texas, for approximately USD 2.35 billion (cash-free, debt-free). OCI will continue to manage construction and commissioning through provisional acceptance; first ammonia is targeted in 2025 and lower‑carbon ammonia in 2026, with USD 1.88 billion paid at closing and the remaining USD 470 million payable at project completion.