We are proud to have advised Qemetica, a leading manufacturer of soda ash, silicates and other specialty chemicals, on the acquisition of PPG silica products business, manufacturing and supply of precipitated silica products to major manufacturers around the world as performance-enhancing additives, for approximately PLN 1.2bn (USD 310m). The transaction includes PPG’s precipitated silicas manufacturing facilities in Lake Charles, Louisiana, and Delfzijl, The Netherlands. In addition, Qemetica will gain right to conduct silicas manufacturing and R&D activities at PPG sites in Barberton, Ohio and Monroeville, Pennsylvania, respectively.
The acquisition is in line with Qemetica 2024-2029 growth strategy. It will increase Qemetica’s revenue and EBITDA, as well as diversify the product range and geographical operations. Qemetica’s acquisition is one of the largest transactions of this type carried out by a Polish company in the US.
The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
BNP Paribas acted as a sole M&A advisor, and a sole Underwriter in relation to the financing package.
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2 tyg.Brawo Ewelina Białowarczuk