PQ Merges With Ineos Silicas; PQ Sells Sodium Silicate Unit

The Carlyle Group’s (Washington) PQ Corp. says it has completed the merger with Ineos subsidiary Ineos Silicas. Financial terms were not disclosed. Carlyle will own 60% of the merged company, which will take PQ’s name, and Ineos will hold the remainder (CW, Oct. 10/17, 2007, p. 9). The deal follows Carlyle’s agreement earlier this month to sell PQ’s sodium silicate plant and businesses at Utica, IL to satisfy FTC merger requirements. The deal combines PQ, the largest sodium silicate maker in the highly concentrated U.S. Midwest region...

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