Global law firm White & Case LLP has advised BNP Paribas Bank Polska S.A. as the sole underwriter on the financing package for the acquisition of selected assets and an operational subsidiary of PPG, including one factory in Louisiana, US, and one factory in Delfzijl, Netherlands, by Qemetica S.A.
Additionally, the transaction includes leasing a silica production line at PPG’s facilities in Ohio, US, and engaging in research and development activities in Pennsylvania, US. The disclosed value of the acquisition amounts to US$310 million.
Qemetica is a Central European chemical manufacturer with top-tier European production capacity in soda ash, vacuum salt and silicates. The company aims to grow globally through strategic acquisitions and expanding operations beyond Europe to diversify its portfolio and enter new markets.
The White & Case team which advised on the transaction included partners Grzegorz Abram (Warsaw), Chris Czarnocki (London), Thomas Flatten (Frankfurt) and Elizabeth Kirk (New York), counsel Sascha Schmidt (Frankfurt) and associates Magdalena Bachleda-Księdzularz, Marlena Skowrońska and Maria Hałasa (all Warsaw) and Prema Govind-Hitti (London).
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