PQ Enhances Nordic Footprint with Purchase of Sibelco's Specialty Silicate Division
- 02-Dec-2024 3:30 PM
- Journalist: Jacob Kutchner
PQ, a leading global producer of silicates, silicas, and derivative products, has announced an agreement to acquire the specialty silicate business of the Sibelco Group, which operates out of the Lödöse plant in Sweden. This acquisition marks a significant step in PQ’s strategy to expand its presence in the Nordic region. Al Beninati, CEO of PQ, highlighted the historical success of Sibelco’s silicate operations in Sweden, noting that this acquisition will enable PQ to enhance its sodium and potassium silicate offerings. These products are key to industries such as mining, construction, and pulp & paper, which are critical sectors in the Nordic market.
With over 70 years of operational experience in the region, PQ is well-positioned to leverage this acquisition, broadening its product portfolio and reinforcing its long-standing commitment to delivering high-quality products. The company has established itself as a trusted supplier, and the addition of Sibelco’s silicate business will further solidify its standing in the Nordic markets.
The deal is still subject to regulatory approvals, which are expected to be completed in early 2025. Once finalized, this acquisition will allow PQ to better serve its customers in the Nordic region, further enhancing its leadership in the global silicate market. With this strategic move, PQ is set to strengthen its operational footprint and expand its capabilities in key industries that rely on silicate products for various applications.
Headquartered in Malvern, Pennsylvania, PQ is a leading global supplier of silicates, silicas, and derivative products. PQ’s offerings are integral to numerous industries and everyday products, including decorative paints, green cement, clean drinking water, eco-friendly tires, toothpaste, and the production of biofuels and beer. With a dedicated workforce of 1,500 employees across 30 facilities in 13 countries, PQ serves over 900 customers worldwide. Leveraging its extensive global network, PQ delivers top-tier products that support a diverse array of industries, such as silica and chemical manufacturing, paints and coatings, purification, construction and drilling, as well as personal care, nutrition, and food and beverage sectors.
Sibelco is a global leader in material solutions, focusing on the mining, processing, and selling of specialty industrial minerals, including high-purity quartz, silica, clays, feldspathics, and olivine. The company is also at the forefront of glass recycling. Sibelco’s innovative products serve a broad range of industries, including glass, ceramics, construction, coatings, polymers, and water purification, contributing to the advancement of modern life. With over 30 production facilities in more than 30 countries and a dedicated team of around 5,000 employees, Sibelco plays a key role in driving progress and providing sustainable material solutions worldwide.