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Höganäs finalises agreement to supply KBM s AM and MIM powder sales platform
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KBM Advanced Materials launches to sell metal powders for AM and MIM
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KBM Advanced Materials To Revolutionize Metal Powder Distribution
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Koch backed startup creates highly efficient distribution model for metal powders
The unique distribution network established by KBM will allow it to become the inventory bridge between a dispersed advanced manufacturing customer base and large metal powder producers. FAIRFIELD, Ohio (PRWEB) May 11, 2021 KBM Advanced Materials, LLC (“KBM”) has formally launched operations to finance, sell and distribute metal powders to companies in the additive manufacturing, metal injection mold (“MIM”), and broader advanced manufacturing markets; the leading consumers of these powders.
The unique distribution network established by KBM will allow it to become the inventory bridge between a dispersed advanced manufacturing customer base and large metal powder producers. The business model will enable an enhanced customer experience, for pr
PQ Group Holdings sells Performance Chemicals segment for $1.1 billion
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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 efforts to remake itself through a plan called Simpler + Stronger by the company.
By Reuters Staff
1 Min Read
(Reuters) - PQ Group Holdings Inc said on Monday it has agreed to sell its performance chemicals business, which makes cleaning and whitening agents for toothpastes and surface coatings, to a partnership formed by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a deal valued at $1.1 billion.
PQ Group, which completed the sale of its performance materials business last year, will focus on its core refining services and catalysts technologies businesses following the divestitures.
The company, once the deal is closed, expects to use the proceeds to issue a special dividend of $2.50 to $3.25 per share for shareholders. The deal is expected to result in a debt reduction of $450 million to $550 million.
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