The Jordan Company L.P. Closes Acquisition of Potters
12/14/2020 - 04:35 PM
NEW YORK , Dec. 14, 2020 /PRNewswire/ -- The Jordan Company L.P. ("TJC") announced that one of its affiliates has closed the previously announced acquisition of Potters Industries, LLC ("Potters"), the Performance Materials segment of publicly traded PQ Group Holdings, Inc. ("PQ", NYSE: PQG).
Operating out of a broad network of 28 production facilities, Potters is a global manufacturer of engineered glass materials and a leader in highway safety. Led by President & CEO Scott Randolph with more than 30 years of industry experience, Potters is well positioned for future growth as a standalone company.
"We are very excited to have TJC as our new partner," said Scott Randolph . "With TJC's support, we look forward to continuing to expand our business through both organic initiatives and selective acquisitions which will further broaden our offering to our customers. We greatly appreciate the support we've received from PQ, and we thank them for their guidance through the years."
"TJC is thrilled to have identified a world-class platform and management team and we look forward to investing in the future growth of Potters," stated Ian Arons , Partner at TJC.
Kirkland & Ellis LLP served as legal counsel and Barclays Capital, Inc. served as financial advisor to TJC. Goldman Sachs & Co. LLC and Harris Williams LLC served as financial advisors and Ropes & Gray LLP served as legal counsel to PQ.
About The Jordan Company, L.P.
TJC, founded in 1982, is a middle-market private equity firm with original capital commitments in excess of $13 billion New York , TJC also has an office in Chicago . For more information, please visit https://www.thejordancompany.com/ .
http://www.prnewswire.com/news-releases/the-jordan-company-lp-closes-acquisition-of-potters-301192412.html
SOURCE The Jordan Company, L.P.
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All Other Miscellaneous Chemical Product and Preparation Manufacturing
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Manufacturing
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Manufacturing, All Other Miscellaneous Chemical Product and Preparation Manufacturing , Chemicals: Specialty, Process Industries
About PQG
PQ Group Holdings Inc. and subsidiaries is a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. We support customers globally through our strategically located network of manufacturing facilities.
PQ Group has four uniquely positioned specialty businesses: Refining Services provides sulfuric acid recycling to the North American refining industry; Catalysts serves the packaging and engineering plastics and the global refining, petrochemical and emissions control industries; Performance Materials produces transportation reflective safety markings for roads and airports; and Performance Chemicals supplies diverse product end uses, including personal and industrial cleaning products, fuel-efficient tires, surface coatings, and food and beverage products.
PQ Group serves over 4,000 customers globally across many end uses and operate over 70 manufacturing facilities which are strategically located across six continents.
