US PQ sold to private equity firm for $1.5bn
01 June 2007 16:59 [Source: ICIS news]
HOUSTON (ICIS news)--The Carlyle Group, a private equity firm, said on Friday that it has agreed to buy Niagara Holdings, the parent company of specialty inorganics company PQ.
The value of the deal is $1.5bn (€1.1bn), according to The Carlyle Group. The sale should close in the third quarter.
Niagara has been owned by JP Morgan Partners since February 2005. Another company, CCMP Capital Advisors, manages Niagara on behalf of JP Morgan.
($1 = €0.74)
By: Al Greenwood
+1 713 525 2653
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