PPG announced the completion of the sale of its silicas products business to QEMETICA, a Warsaw, Poland-based manufacturer, for approximately $310 million in pre-tax proceeds. This transaction is part of PPG's ongoing evaluation of strategic alternatives for its businesses, initially announced on January 9, 2024.
The divested business manufactures and supplies precipitated silica products globally as performance-enhancing additives. In 2023, this segment represented between 1-2% of PPG’s total net sales, indicating a focused pruning of its portfolio.
The sale includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. QEMETICA will also lease silicas manufacturing and research and development operations at PPG sites in Barberton, Ohio, and Monroeville, Pennsylvania, respectively.
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