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Specialty Chemicals
PQ will exit glass bead and silicate businesses
by Craig Bettenhausen
October 24, 2020
| A version of this story appeared in
Volume 98, Issue 41
PQ Group will sell its performance materials business to the Jordan Company, a private equity firm, for $650 million. The business makes glass beads for highway lane lines (see page 26), silver-coated particles that tune the conductivity of coatings and sealants, and related products. PQ is also looking for a buyer for its performance chemical unit, which makes silicates and zeolites. The firm aims to trim its portfolio to catalysts and refining services, which CEO Belgacem Chariag describes as high-growth, high-margin businesses.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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