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Specialty Chemicals

PQ will exit glass bead and silicate businesses

by Craig Bettenhausen
October 24, 2020 | 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.

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