M&A Deal Summary

Qemetica Acquires PPG - Silicas Products Business

On August 29, 2024, Qemetica acquired chemicals company PPG - Silicas Products Business from PPG for 310M USD

Acquisition Highlights
  • This is Qemetica’s 1st transaction in the Chemicals sector.
  • This is Qemetica’s largest (disclosed) transaction.
  • This is Qemetica’s 1st transaction in the United States.
  • This is Qemetica’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2024-08-29
Target PPG - Silicas Products Business
Sector Chemicals
Buyer(s) Qemetica
Sellers(s) PPG
Deal Type Divestiture
Deal Value 310M USD

Target

PPG - Silicas Products Business

Pittsburgh, Pennsylvania, United States
PPG's Silicas Products Business manufactures and supplies precipitated silica products to major companies worldwide as performance-enhancing additives.

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Buyer(S) 1

Buyer

Qemetica

Warsaw, Poland

Category Company
Sector Chemicals
DESCRIPTION

Qemetica is a manufacturer of soda ash, silicates, and other specialty chemicals. Qemetica is based in Warsaw, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees50,000
Revenue 18.2B USD (2023)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 5 of 6
Sector (Chemicals) 2 of 3
Type (Divestiture) 3 of 4
State (Pennsylvania) 3 of 4
Country (United States) 3 of 4
Year (2024) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-17 PPG - Traffic Solutions Operations

Ingleburn, Australia

PPG's Traffic Solutions Operations production, quality control, and R&D facility.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 PPG - Architectural coatings business

Pittsburgh, Pennsylvania, United States

PPG's Architectural coatings business is a producer of interior and exterior paints, stains, caulks, repair products, adhesives, and sealants for homeowners and professionals, as well as certain light-duty protective coatings products, in the United States and Canada. PPG's Architectural coatings business is based in Pittsburgh, Pennsylvania.

Sell -