Grace Acquires Catalyst Components Business and Custom Catalyst Assets from Basell
Friday June 2, 8:00 am ET
COLUMBIA, Md.--(BUSINESS WIRE)--June 2, 2006--W. R. Grace & Co. announced today that it has acquired the custom catalyst manufacturing assets of Basell, USA, located at Edison, New Jersey, as well as Basell's components business. The business will be integrated into the Grace Davison operating segment. Financial terms of the transaction were not disclosed.
Polyolefin catalysts and catalyst supports are essential components in the manufacture of resins used for a wide variety of industrial and consumer plastic applications. Grace Davison is a leading global provider of specially-designed, high performance catalyst systems and catalyst supports.
The acquisition expands Grace's product portfolio and increases Grace's polyolefin catalyst manufacturing capabilities. Grace Davison has been expanding its specialty catalyst product group with the strategy of becoming a full range catalyst solutions provider, most recently acquiring Single-Site Catalysts, LLC, a supplier of organometallic catalysts, in Chester, Pennsylvania.
According to Gregory E. Poling, President, Grace Davison, "This acquisition reflects our commitment to strengthen and expand our competencies in the polyolefin industry. Our position is to provide high-performance, high-value catalyst solutions to help our customers accelerate the growth of their business."
"This acquisition is all about capability and reliability," said Anthony J. Dondero, Vice President and General Manager, Grace Davison Specialty Catalysts. "It will help us deliver performance to customers who need to access a full range of capabilities and provides greater reliability of supply."
Grace is a leading global supplier of catalysts and other products and services to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide-range of industrial applications; specialty chemicals, additives and materials for commercial and residential construction; and can sealants and coatings for food packaging. With annual sales of more than $2.5 billion, Grace has over 6,400 employees in nearly 40 countries.
Source: W. R. Grace & Co.
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