PQ Group sells high-performance materials business for $650 million
PQ Group, a U.S. specialty chemicals company, recently entered into an agreement with private equity firm Jordan to sell its performance materials business for $650 million.
PQ said it will focus on its high-growth, high-margin catalyst and refining services business going forward. The deal, which is subject to regulatory approvals, is expected to close by the end of 2020.
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