Tim Knavish commented, “This transaction allows us to focus on our core technology-differentiated coatings and specialty products businesses, driving organic growth and shareholder value.” He also praised the dedication of the 400 employees involved in the silicas business for their service over the years.
Qemetica’s Expansion Strategy
For Warsaw-based Qemetica, the acquisition aligns with its growth strategy of expanding its global footprint beyond Europe. The company, which specializes in producing soda ash, vacuum salt, and silicates, sees the acquisition as a strategic opportunity to enhance its operations and diversify its portfolio.
PPG Sells Silicas Biz For $310M : Legal Advisers
PPG was represented by Hogan Lovells in the transaction, with a team led by partners David Gibbons, Katherine Keeley, Victor de Vlaam, and Elizabeth Donley. Qemetica has not yet disclosed its legal representation for the deal.
