Greenberg Traurig and Filip & Company have advised Polish chemical group Qemetica on its acquisition of PPG's precipitated silica business for approximately PLN 1.2 billion (USD 310 million). Hogan Lovells advised PPG.
Qemetica operates in seven business areas including the production of soda ash, evaporated salt, agricultural solutions, polyurethane foams, silicates, and glass, as well as rail transport services. It has nine production plants in Poland and Germany and distribution companies in the crop protection business across several European countries.
PPG is a coatings, specialty materials, and glass products company.
According to Greenberg Traurig, through the acquisition, Qemetica has obtained two manufacturing facilities in the United States and the Netherlands, as well as leases for manufacturing and R&D facilities in two additional U.S. locations. Precipitated silica is a crucial raw material used in the production of "green" tires, batteries, and fillers – sectors characterized by stable growth and a positive outlook.
The Greenberg Traurig team included Poland-based Partners Andrzej Wysokinski and Robert Gago, Local Partner Maciej Pietrzak, and Senior Associates Filip Drgas and Grzegorz Socha as well as further lawyers in the U.S. and the Netherlands.
The Filip & Company team included Senior Associate Roxana Rosca and Associate Sergiu Paun.
The Hogan Lovells team included lawyers from the Netherlands, Belgium, and the U.S.
