PPG has completed the sale of its silicas products business for approximately $310 million in pre-tax proceeds to QEMETICA, which is a Warsaw, Poland-based, privately held manufacturer of soda ash, silicates, and other specialty chemicals.
PPG’s silicas products business manufactures and supplies precipitated silica products to companies around the world as performance-enhancing additives. The company reports that in 2023, the silica products business represented between 1-2% of PPG’s total net sales. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. In addition, QEMETICA will lease silicas manufacturing and research and development operations at PPG sites in Barberton, Ohio, and Monroeville, Pennsylvania, respectively. The silicas products business has approximately 400 employees.
“We are pleased to complete this transaction with QEMETICA, and I want to thank the silicas products business employees for their dedication and commitment to the business and to PPG customers throughout the years,” said Tim Knavish, PPG chairman and chief executive officer.
QEMETICA ranks as a leading chemical manufacturer in Europe. The company’s growth strategy focuses on building a global presence through strategic acquisitions and expansion of operations beyond Europe, aiming to diversify its portfolio and tap into new markets. QEMETICA combines a modern approach to business with a commitment to sustainable development.
Learn more about PPG at www.ppg.com.