11 September 2014
Details
New York, NY and Malvern, PA,
CCMP Capital Advisors, LLC (“CCMP”) and
PQ Holdings, Inc. (“PQ”)
today announced that they have signed
a definitive agreement under which affiliates of
will acquire an approximate 47% interest
in PQ from affiliates of The Carlyle Group (“Carlyle”).
PQ’s existing shareholders,
INEOS, Carlyle and management,
will in the aggregate continue to
own approximately 53% of PQ.
CCMP previously partnered with PQ’s management team
in a successful investment in the company in 2005.
Founded in 1831, PQ is a leading worldwide producer of
* specialty inorganic performance chemicals,
* high-end catalysts and engineered glass beads
for the consumer, oil & gas, transportation safety,
specialty plastics and industrial markets.
PQ inorganics performance chemicals
Read PQ Silica Catalysts Brochure
Throughout its 182-year history,
PQ has built a strong reputation for
growth, product development and operational excellence.
The company remains at the forefront of the industry
by continuously developing innovative solutions
to meet customers’ productivity, product performance,
environmental and profitability objectives.
Managing Director of CCMP and
head of the firm’s industrials practice
“ Mike and his team of talented managers
have established PQ’s products as critical components
in customers’ manufacturing processes
in a large and diverse set of end markets.
We look forward to working with them again
to help drive the company’s next phase of growth
as it expands its product set into
new and existing end markets and geographies.”
READ MORE FROM THE CARLYLE GROUP
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