INEOS Silicas combines with US-based PQ

11 October 2007 19:57  [Source: ICIS news]

HOUSTON (ICIS news)--INEOS said on Thursday it will combine its silicas division with PQ, a US specialty-chemical firm recently acquired by The Carlyle Group.

UK-based INEOS will own about 40% of the combined business, and The Carlyle Group will own the rest, INEOS said.

The combined business will become a global producer of specialty inorganic chemicals, catalysts and engineered glass products, INEOS said. Combined sales revenue will be $1bn (€710m)/year.

The Carlyle Group completed the acquisition of PQ in July. PQ makes silicate-based speciality chemicals, zeolite-based catalysts and glass spheres.

INEOS Silicas makes silicates, zeolites and silicas

($1.00 = €0.71)

By: Al Greenwood
+1 713 525 2653

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