PPG reaches agreement to sell silicas products business

Published 11:51 am Tuesday, September 17, 2024

PPG has agreed to sell its silicas products business to a Poland-based privately held manufacturer.

The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, according to a news release from the company.

“PPG explored strategic alternatives for its silica products business to maximize its value for shareholders and to ensure its continued success,” according to Mark Silvey, spokesperson. “The business has a well-established position in a growing market, proven innovation, leading proprietary products, and dedicated and talented employees. Given the businesses distinct product portfolio, customer base and operating characteristics, PPG believed that it may be better suited to operate as a core business within another company or as a standalone entity. After conducting an extensive strategic review process, PPG was pleased to announce on Aug. 29 that it reached an agreement with QEMETICA and believes it is well positioned to lead the silicas products business forward.  The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.”

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Silva responded with information about how the transaction might impact shareholders, but did not answer questions about any changes to the number of employees or management. Nor did he provide information regarding the number of employees at the  Lake Charles Silica Manufacturing Plant at 3150 Pete Manena Road in Westlake. The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. The silicas products business is led by about 400 employees.

Precipitated silica, a form of synthetic amorphous silicon dioxide, is derived from quartz sand. It’s used to reinforce fillers in rubbers and tires and as a free-flow or anti-caking agent in powder materials.