PQ Performance Chemicals Asset Profile

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Year established

2021

Location

PA US

Primary Industry

Chemicals

About

Based in Pennsylvania, US, and was formed in August 2021 through the company's acquisition by Cerberus Capital Management and Koch Industries, PQ Performance Chemicals operates as a producer of specialty silicas, sodium silicates, and zeolites. The company has 1,500 employees across 31 facilities and serves over 900 customers around the world as of 2021. The company supports a broad range of end uses such as fuel-efficient tires, surface coatings, personal, industrial cleaning, food, and beverage products. The firm generated USD 685 million in revenue and USD 154 million in EBITDA in 2019. Following its acquisition by Cerberus Capital Management and Koch Industries, PQ Performance Chemicals plans to become an independent producer of specialty silicas, sodium silicates, and zeolites and accelerate its growth by driving product development, investing in its business, and building on its customer relationships.

Current Investors

Cerberus Capital Management, Koch Industries

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Primary Industry

Chemicals

Sub Industries

Paints & Coatings

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	PQ Performance Chemicals	28 Feb 2021

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