September 22, 2014 1:29 PM ET

Chemicals

Company Overview of PQ Corporation

Company Overview

PQ Corporation produces specialty inorganic performance chemicals and catalysts. It offers lithium silicates, magnesium sulfate, potassium silicates, silicas, sodium metasilicates, sodium silicate liquids, sodium silicates solids, zeolites, and other performance materials. The company serves adhesives, beverage, petroleum, catalyst, agriculture and animal feed, asphalt pavement, binder, brewing, building materials and construction, cement concrete and refractories, detergent, drilling fluids, electronic, foundry binders, geotechnical and grouting, health and beauty, mining and mineral processing, oil processing, paints and coatings, personal care, plastics and polymers, pulp and paper, texti...

300 Lindenwood Drive

Valleybrooke Corporate Center

Malvern, PA 19355-1740

United States

Founded in 1831

1,856 Employees

Phone:

610-651-4200

Fax:

610-651-4504

Key Executives for PQ Corporation

Chairman and Chief Executive Officer
Age: 66
Chief Financial Officer and Vice President
Age: 63
Chief Operating Officer
Age: 55
Vice President and President of Potters Division
Age: 51
Vice President and President of Performance Chemicals - Europe
Age: 57
Compensation as of Fiscal Year 2014.

PQ Corporation Key Developments

Carlyle To Reportedly Sell PQ Corporation

The Carlyle Group LP (NasdaqGS:CG) has decided to sell PQ Corporation's industrial catalysts business separately from its performance chemicals and specialty glass materials, Reuters reported citing people familiar with the matter. The catalysts business has attracted interest from BASF SE (DB:BAS), Umicore S.A. (ENXTBR:UMI), Johnson Matthey plc (LSE:JMAT) and Sealed Air Corporation (NYSE:SEE) while CCMP Capital Advisors, LLC has expressed interest for performance chemicals and specialty glass materials businesses. The Carlyle Group LP, BASF SE and Umicore S.A. declined to comment. PQ Corporation, Sealed Air Corporation and Johnson Matthey plc did not respond to requests for comment.

PQ Corporation Announces Appointment of John Steitz as Chief Operating Officer, Effective Oct. 1, 2013

PQ Corporation named John M. Steitz to the newly created position of Chief Operating Officer (COO), effective Oct. 1, 2013. Boyce said business growth and future opportunities support the need for a new senior leader who would share duties with Boyce in overseeing day-to-day business operations, safety efforts, and customer service in addition to leading other key business initiatives. As COO, the three business line Presidents, Erwin Goede (Performance Chemicals - Europe, South Africa, and Asia), Paul Ferrall (Performance Chemicals for the Americas and Australia), and John Lau (Catalysts Group), will all report directly to Steitz. Steitz has held wide-ranging corporate responsibilities during his career including his recent position as President and Chief Executive Officer for the global Specialty Chemicals Business of Avantor Materials, LLC.

PQ Corporation Announces $120 Million Expansion at Kansas City Site

The Kansas Department of Commerce and PQ Corporation have announced that the company will invest $120 million to expand its manufacturing footprint at its Kansas City facility. The investment will expand the already extensive equipment and manufacturing capacity for PQ's silica catalyst business and its Zeolyst International specialty catalyst operation. The expansion at its Kansas Avenue site is projected to add 40 to 50 additional new jobs to the 100 employees currently employed. Preliminary design and engineering work is already underway and the expansion and building project is scheduled for completion by the end of 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 11, 2014
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