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September 03, 2015 2:38 PM ET

Chemicals

Company Overview of PQ Corporation

Company Overview

PQ Corporation manufactures and sells specialty inorganic performance chemicals and catalysts worldwide. The company offers 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. Its products are used in various markets in North America, EMEA, South America, and the Asia Pacific, including adhesives, agriculture and animal feed, asphalt pavement, binders, brewing, building materials and construction, cement concrete and refractories, deterg...

300 Lindenwood Drive

Valleybrooke Corporate Center

Malvern, PA 19355-1740

United States

Founded in 1831

1,856 Employees

Phone:

610-651-4200

Fax:

610-651-4504

Key Executives for PQ Corporation

Chief Executive Officer and President
Age: 56
Chief Financial Officer
Age: 48
Chief Operating Officer
Age: 56
Vice President and President of Potters Division
Age: 52
Vice President and President of Performance Chemicals - Europe, South Africa & Asia
Age: 58
Compensation as of Fiscal Year 2015.

PQ Corporation Key Developments

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.

PQ Corporation Announces Management Changes

PQ Corp. Chairman and Chief Executive Officer, Michael R. Boyce, announced his retirement as CEO, after serving 10 years in the position. The company announced the appointment of George J. Biltz as President and Chief Executive Officer, effective May 1, 2015. Boyce will continue to serve as Chairman of the Board. Biltz most recently served as the Executive Vice President of Operations and Chief Strategy Officer of Axiall Corp. Prior to that, he served on the senior leadership team of The Dow Chemical Co.

Carlyle To Reportedly Sell PQ Corporation

The Carlyle Group LP (NasdaqGS:CG) has decided to sell PQ Corporation's industrial catalysts business separately from its performance chemicals and specialty glass materials, Reuters reported citing people familiar with the matter. The catalysts business has attracted interest from BASF SE (DB:BAS), Umicore S.A. (ENXTBR:UMI), Johnson Matthey plc (LSE:JMAT) and Sealed Air Corporation (NYSE:SEE) while CCMP Capital Advisors, LLC has expressed interest for performance chemicals and specialty glass materials businesses. The Carlyle Group LP, BASF SE and Umicore S.A. declined to comment. PQ Corporation, Sealed Air Corporation and Johnson Matthey plc did not respond to requests for comment.

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