PQ Corp Combines with Eco Services Operations

PQ Corp of Malvern, PA and Eco Services Operations LLC of Cranbury, NJ have announced plans to combine and form a leading global producer of inorganic specialty materials and catalysts. PQ’s existing shareholders (affiliates of CCMP Capital, INEOS Capital, and management) and Eco Services’ existing equity holders will remain as shareholders of the combined business. The combined business, to be called PQ Corp, will operate across four businesses: Catalysts, Performance Chemicals, Potters (engineered glass materials), and Eco Services. Michael Boyce, chairman of both companies, said, “PQ and Eco are exceptional businesses with long-standing customer relationships and leading positions in growing end markets driven by long term macro trends, we are confident the combination of the two businesses will bring tremendous value to our customers, employees and shareholders.”

Volume 29 issue 16

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