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California State Teachers Retirement System bought a new stake in Ecovyst Inc (NYSE:ECVT – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,532 shares of the company’s stock, valued at approximately $717,000. Several other institutional investors and hedge funds have also […]

Cubist Systematic Strategies LLC bought a new stake in Ecovyst Inc (NYSE:ECVT – Get Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 82,985 shares of the company’s stock, valued at approximately $968,000. Cubist Systematic Strategies LLC owned 0.06% of Ecovyst as of its […]

PQ Group Holdings," "the company," "we," "us" or "our" refer to PQ Group Holdings Inc. and its consolidated subsidiaries. Forward-looking Statements This periodic report on Form 10-Q ("Form 10-Q") includes statements that express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements". The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should" and similar expressions are intended to identify forward-looking st...

PQ Group Holdings sells Performance Chemicals segment for $1.1 billion Print MALVERN, Pa.—PQ Group Holdings is selling its Performance Chemicals business, which provides products to the tire industry. The Malvern-based company found a buyer in a partnership created by Cerberus Capital Management L.P. and Koch Minerals & Trading L.L.C. at a cost of $1.1 billion. "We are excited by today's announcement for the sale of our Performance Chemicals business at a favorable valuation," PQ CEO Belgacem Chariag said in a statement. The sale of the Performance Chemicals division continues the PQ's effo...

Share: PQ Group Holdings Inc. (NYSE:PQG), a leading integrated and innovative global provider of specialty catalysts, chemicals and services, announced today that it has completed the sale of its Performance Materials business for a purchase price of $650 million, subject to customary closing adjustments, to an affiliate of The Jordan Company, L.P. ("TJC"), a U.S. middle-market private equity firm (www.thejordancompany.com) that was founded in 1982. "With the sale of Performance Materials at an attractive valuation, we take a significant step in reshaping the PQ portfolio toward a higher-marg...