PPG Finalizes Sale of its Silicas Products Business to QEMETICA

PPG announced on November 25, 2024, the successful completion of the sale of its silicas products business to QEMETICA, a privately owned chemical manufacturer based in Warsaw, Poland. The transaction, valued at approximately $310 million in pre-tax proceeds, represents a significant strategic move for PPG as it continues to refine its portfolio. The silicas products business specializes in the production and supply of precipitated silica, which serves as a performance-enhancing additive for various global industries. In 2023, this business segment contributed roughly 1-2% of PPG’s total net sales.

The agreement encompasses PPG’s precipitated silica manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. Furthermore, QEMETICA has obtained leases for silica manufacturing and R&D operations at PPG’s sites in Barberton, Ohio, and Monroeville, Pennsylvania. Approximately 400 employees from the silicas products division will transition to QEMETICA as part of this transaction. PPG Chairman and CEO Tim Knavish expressed his gratitude to the employees, stating, “We are pleased to complete this transaction with QEMETICA, and I want to thank the silicas products business employees for their dedication and commitment to the business and to PPG customers throughout the years.”

QEMETICA is recognized as a leading chemical manufacturer in Europe, with significant production capacity in soda ash, silicates, and evaporated salt. The acquisition aligns with the company’s growth strategy of expanding its operations globally and diversifying its product portfolio. This move allows QEMETICA to enter new markets beyond Europe while continuing to uphold its commitment to sustainable development and modern business practices.

The sale of the silicas products business follows PPG’s announcement on January 9, 2024, that it was exploring strategic alternatives for this segment. The transaction underscores PPG’s focus on optimizing its operations to drive long-term growth.

This acquisition represents a mutually beneficial move for both companies, with PPG streamlining its operations and QEMETICA gaining valuable assets and expertise to strengthen its global presence.

For over 140 years, PPG has been committed to developing and delivering trusted paints, coatings, and specialty materials that meet the needs of its customers. By combining dedication and innovation, PPG addresses complex challenges, working collaboratively with clients to identify effective solutions. Headquartered in Pittsburgh, the company operates in over 70 countries worldwide, consistently driving innovation to meet evolving market demands. In 2023, PPG reported net sales of $18.2 billion, reflecting its strong presence across various sectors, including construction, consumer products, industrial applications, and transportation markets, along with aftermarket services. PPG continues to build on its legacy of excellence and customer trust.