PPG Industries to Divest Silicas Product Business to QEMETICA
PPGPPG Industries(PPG) ZACKS·2024-08-30 22:05

PPG Industries Inc. (PPG) has signed a definitive agreement to sell its silicas product business for approximately $310 million in pre-tax proceeds to QEMETICA S.A., a privately held manufacturer of soda ash, silicates and other specialty chemicals based in Warsaw, Poland. The deal is projected to close in the fourth quarter of 2024, pending customary closing conditions. QEMETICA is a leading chemical manufacturer in Central Europe, with top-tier European production capacity for soda ash, vacuum salt and si ...