Announced
Synopsis
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.
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