Birchtech Corp. said Monday it has reached an agreement in principle to acquire substantially all assets of a privately held specialty activated-carbon company, adding commercial-scale processing and manufacturing capabilities at facilities in North Dakota and Pennsylvania.
The Corsicana, Texas-based company, listed on NYSE American and the TSX under the ticker BCHT, said the deal is documented through a signed term sheet. The sheet is non-binding except for specific provisions including exclusivity, and the transaction remains subject to further negotiations, execution of a definitive acquisition agreement, completion of due diligence and an audit of the target company, and other conditions set out in the final deal documents.
No financial terms of the proposed transaction were disclosed.
Birchtech's Carbon Rejuvenation technology employs a lower-temperature thermal treatment process to reuse spent activated carbon. The company said the acquisition would accelerate its move into thermal reactivation and advance its carbon rejuvenation strategy by providing meaningful production capacity to serve initial water-treatment customers.
Birchtech's core business focuses on activated-carbon technologies for air and water purification, mercury-emissions capture for coal-fired utilities, and water-purification systems designed to remove contaminants such as PFAS from potable water and industrial wastewater.
"This proposed acquisition could mark an exciting step forward in the continued development of our activated carbon and water treatment businesses, including advancing our carbon rejuvenation strategy with meaningful production capacity to service our initial water customers," CEO Richard MacPherson said in a statement.
