Grace Completes Acquisition of Albemarle Polyolefin Catalysts Business
W.R. Grace & Co. (GRA)
Last w.r. grace & co. earnings: 4/30 06:00 am
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Source: GlobeNewswire
COLUMBIA, Md., April 03, 2018 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today completed the $416 million acquisition of the Polyolefin Catalysts business of Albemarle Corporation (NYSE:ALB). The acquired business primarily develops and manufactures proprietary and custom-manufactured single-site catalysts as well as metallocenes and activators used in the production of plastic resins. The transaction also includes a comprehensive series of highly optimized Ziegler-Natta catalysts for polyethylene production. The acquisition includes production plants in Baton Rouge, LA and Yeosu, South Korea; R&D and pilot plant capabilities; and an extensive portfolio of intellectual property. Over the last five years, Grace has invested well over $1 billion to create a leading position in polyolefin catalysts and process technology. The company now has the broadest portfolio of polyolefin catalyst technologies of any catalysts producer. “This acquisition significantly enhances our pos
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