PPG Has Agreed To Sell Its Silicas Products Business For Approximately $310M To Qemetica S.A., Poland-Based, Privately Held Manufacturer Of Soda Ash, Silicates And Other Specialty Chemicals. The Transaction Is Expected To Close In The Fourth Quarter Of 2024
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PPG Industries has agreed to sell its silicas products business to Qemetica S.A. for approximately $310 million. The transaction is expected to close in Q4 2024.
August 29, 2024 | 12:01 pm
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PPG Industries is selling its silicas products business to Qemetica S.A. for $310 million, with the deal expected to close in Q4 2024.
The sale of the silicas products business allows PPG to streamline its operations and focus on core areas, potentially improving financial performance. The $310 million deal could positively impact PPG's balance sheet and investor sentiment.
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