PPG reaches agreement to sell silicas products business

PPG has agreed to sell its silicas products business to a Poland-based privately held manufacturer.

The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, according to a news release from the company.

“PPG explored strategic alternatives for its silica products business to maximize its value for shareholders and to ensure its continued success,” according to Mark Silvey, spokesperson. “The business has a well-established position in a growing market, proven innovation, leading proprietary products, and dedicated and talented employees. Given the businesses distinct product portfolio, customer base and operating characteristics, PPG believed that it may be better suited to operate as a core business within another company or as a standalone entity. After conducting an extensive strategic review process, PPG was pleased to announce on Aug. 29 that it reached an agreement with QEMETICA and believes it is well positioned to lead the silicas products business forward.  The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.”

The Lake Charles Silica Manufacturing Plant at 3150 Pete Manena Road in Westlake has 200 emploees. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The silicas products business is led by about 400 employees.

Following completion of the transaction, PPG believes that QEMETICA is well positioned to lead the business forward by fostering long-term growth and value creation. The business’s talented people were a key driver of interest for QEMETICA in acquiring our silica business.  The retention and attraction of talent will continue to be a high priority for the business. Currently, PPG and QEMETICA are focused on completing the transaction in the fourth quarter 2024, thus we do not have additional information to share at this time.

Precipitated silica, a form of synthetic amorphous silicon dioxide, is derived from quartz sand. It’s used to reinforce fillers in rubbers and tires and as a free-flow or anti-caking agent in powder materials.

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