Greenberg Traurig advised Qemetica on the completion of its acquisition of PPG’s precipitated silica business for approximately PLN 1.2 billion (USD 310 million). The Polish chemical group has acquired two manufacturing facilities in the United States and the Netherlands as well as leases of manufacturing and R&D facilities in two additional U.S. locations. Precipitated silica is a raw material essential in the production of “green” tires, batteries and fillers, characterized by stable growth and positive outlook.
This acquisition is the largest transaction of this type carried out by a Polish company in the United States.
The Greenberg Traurig transactional team included lawyers from offices in the United States, the Netherlands and Poland. The global team was led by Dmitriy A. Tartakovskiy, Shareholder from the Tampa and New York Offices, and included, among others, Alexander Zachariah, Shareholder from the Fort Lauderdale Office, Daniella Silberstein, Shareholder from the Miami Office, and Associates Conor Goetz from the North Virginia Office, Javier Sanchez from the Miami Office, and Maria Alejandra Justo O’Hara from the Miami Office. Shareholder Stephen Pepper, supported by Of Counsel Rebecca Rotem, was responsible for securing the US antitrust clearance. The Greenberg Traurig Amsterdam team was led by Shareholders Bas Vletter and Jelmer Kalisvaart and included, among others, Shareholders Thomas Timmermans, Ruud van Bork and Associate Jesse Hoek.
In Poland, the Greenberg Traurig team included Shareholder Andrzej Wysokiński, Head of the Banking and Finance practice, Shareholder Robert Gago and Senior Associate Filip Drgas, who were responsible for the non-US antitrust aspects of the transaction, including the multi-jurisdictional analysis, the UOKiK merger filing and the coordination of the merger filing before the Romanian antitrust authority, and Shareholder Stephen Horvath, Local Partner Maciej Pietrzak and Senior Associate Grzegorz Socha from the M&A / Corporate practice.
The Qemetica Group has so far operated in seven business areas: production of soda ash, evaporated salt, agricultural solutions, polyurethane foams, silicates and glass, as well as rail transport services. Qemetica has nine production plants in Poland and Germany, and distribution companies in the crop protection business in several European countries. It employs approximately 3,500 people.
PPG is a global leader in coatings, specialty materials, and glass products, serving various markets including automotive and aerospace. With over 140 years of experience, the company focuses on innovation and sustainability to deliver high-performance solutions. PPG operates in more than 70 countries.
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