PQ Changes Name to Ecovyst

PQ Group Holdings Inc of Malvern, PA has completed the sale of its Performance Chemicals business to a partnership established by Cerberus Capital Management LP of New York, NY for a purchase price of US$1.1 billion.

PQ plans to use the net cash proceeds to reduce its debt and return cash to its shareholders, subject to board approval. The company has also announced a name change to Ecovyst Inc.

Volume 35, Issue 05

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