CCD Partners is pleased to announce the acquisition by PQ Corporation of Chem32, a founder-led supplier of catalyst pre-activation services in the US.

The deal provides an exit path for the founder-owners and a bright future for the Chem32 business.

Chem32 is a leading supplier of catalyst pre-activation services used in the production of traditional and renewable fuels Chem32 has patented technology and offers its services throughout the North American market.

PQ Corporation is a leading integrated and innovative global provider of specialty catalysts, chemicals and services. 

PQ Corporation operates a network of manufacturing facilities across three 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; and Performance Chemicals supplies diverse product end uses, including personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products.

Glenn McGuire, senior advisor to CCD Partners, advised Chem32’s founders on their strategic options and positioning of the company to potential buyers including facilitating the introduction of PQ Corporation to Chem32.

Soren Marklund, Founder of Chem32, commented:

“Glenn McGuire used his experience in the catalyst industry to present Chem32 to a select group of potential buyers. His successful introduction led to a match with PQ Corporation which plans to make Chem32 grow as part of their large and successful refinery services business, offering our employees new and better opportunities.”

Glenn McGuire, Senior M&A Advisor, commented:

“We were engaged to find an exit path for the founder-owners of Chem32 and engage potential buyers. I’m pleased to say we were able to introduce several parties with strong strategic rationales and the founders’ decision to choose PQ Corporation as the new home for Chem32 has ensured a bright future for the business.”

Kurt Bitting, President of PQ’s Refining Services, commented:

“We are very excited to welcome the Chem32 team. Chem32 diversifies our service offerings while giving us exposure to the rapidly growing renewable fuels industry.”