Poland – PPG Industries plans to sell its precipitated silica products business to Qemetica SA (Warsaw) for $310 million. The deal comes after a strategic review of the business, which was announced in January.
The business is a global provider of precipitated silicas used as additives in a number of applications. It has about 400 employees and generated about 1%-2% of PPG’s total sales of about $17.7 billion in 2023. The deal includes manufacturing facilities in Louisiana and Delfzijl in the Netherlands.
“This transaction will allow us to further focus our resources on our technology-differentiated coatings and specialty products businesses to accelerate our organic growth and drive increased shareholder value creation,” said PPG chairman and CEO Tim Knavish.
Qemetica is a privately-held producer of soda ash, vacuum salt and silicates with a major presence in Central Europe.
