Axens North America Inc. (Princeton, N.J.; www.axens.net) today announced an agreement to purchase the catalytic reforming catalyst business of Criterion Catalysts & Technology LP (Houston, Tex.; www.criterioncatalysts.com).
Under the deal, Axens will acquire Criterion’s Willow Island, West Virginia manufacturing plant, where reforming catalysts are made. The relevant intellectual property rights required to pursue the catalytic reforming business is also part of the agreement. The sale terms were not disclosed.
The acquisition will broaden Axen’s offerings in the area of catalytic reforming for gasoline and aromatics production.