October 26, 2016 5:59 AM ET


Company Overview of PQ Corporation

Company Overview

PQ Corporation manufactures and sells specialty inorganic performance chemicals and catalysts. The company provides lithium, potassium, and spray-dried silicates; magnesium sulfate, silicas, sodium metasilicates, sodium silicate liquids and solids, zeolites, and potassium silicate liquids; advanced silica gel products for catalyst and anti-blocking applications; and zeolite products for catalyst and adsorbent applications. It serves various markets, such as adhesives, agriculture and animal feed, asphalt pavement, binders, brewing, building materials and construction, cement concrete and refractories, detergents, drilling fluids, electronic industry, foundry binders, geotechnical and groutin...

300 Lindenwood Drive

Valleybrooke Corporate Center

Malvern, PA 19355-1740

United States

Founded in 1831

1,856 Employees





Key Executives for PQ Corporation

Chief Executive Officer and President
Age: 57
Chief Financial Officer
Age: 49
Chief Operating Officer
Age: 57
Vice President and President of Potters Division
Age: 53
Vice President and President of Performance Chemicals - Europe, South Africa & Asia
Age: 59
Compensation as of Fiscal Year 2016.

PQ Corporation Key Developments

PQ Corp. Amends its Existing Credit Facilities; Paul J. Ferrall to Serve as President of Eco Services Business Unit

PQ Corp. and Eco Services Operations reported the closing of a previously announced merger. Concurrently with the closing of the merger between PQ and Eco Services, PQ has also refinanced its existing credit facilities by entering into a USD 1.2 billion senior secured term loan (consisting of a USD 900 million senior secured term loan and a USD 300 million Euro equivalent senior secured term loan), USD 625 million in new senior secured notes, USD 525 million in senior unsecured notes, and a USD 200 million asset-based secured revolving credit facility. The existing USD 200 million of Eco Services notes will remain outstanding. Michael R. Boyce will continue to serve as Chairman of the Board of PQ while Paul J. Ferrall will serve as President of the Eco Services business unit.

The Pennsylvania Department of Environmental Protection Assess a Civil Penalty Against PQ Corporation

The Pennsylvania Department of Environmental Protection (DEP) has assessed a civil penalty against PQ Corporation (PQ) in the amount of $1.7 million for air quality violations in the City of Chester, Delaware County. Quarterly emissions reports submitted to the Department by PQ showed that the company exceeded several permitted emission limits for pollutants like carbon monoxide and nitrogen oxides, and failed to satisfy the data availability requirements for their systems. The assessment covers the period between August 2011 and June 2013.

PQ Corporation Announces Executive Changes

PQ Corporation has announced the appointment of Michael C. Crews as Chief Financial Officer (CFO), effective August 1, 2015. Crews will replace the retiring Alan McIlroy, a 10-year PQ veteran. During the last seven years, Crews served as Executive Vice President and Chief Financial Officer of Peabody Energy Corp. To ensure a smooth transition, McIlroy has accepted, as of August 1, 2015, the role of Senior Consultant and will assist Crews over an interim period.

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Recent Private Companies Transactions

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