The Jordan Company to acquire performance material business of PQ Group Holding for $650m.

The Jordan Company, a private equity firm, agreed to acquire performance material business of PQ Group Holding, a chemical manufacturer, for $650m. “The planned sale of Performance Materials at an attractive valuation marks a significant milestone on our ‘Simpler and Stronger’ strategic path, as we target a portfolio reflecting both higher top-line growth and higher margins,” Belgacem Chariag, PQ Group Chairman, President and Chief Executive Officer.