22 April 2016
DETAILS
Grace Chairman and Chief Executive Officer
“This is an important addition
to Grace’s strong portfolio of
polyolefin catalysts technologies,”
“Grace is uniquely positioned to serve
the growing needs of the polyolefins market
and benefit from operational synergies.
This opportunity is perfectly aligned
with our focus on core catalysts and materials technologies.”
announced today that it has signed an agreement
to acquire the assets of
BASF’s Polyolefin Catalysts business.
The transaction is expected to close
in the third quarter of this year pending regulatory approvals,
required consultations with employee representatives,
and other customary closing conditions.
Terms were not disclosed.
Grace is a leading supplier of polyolefin catalysts technology,
as well as
polypropylene (PP) process technology.
Grace has the broadest portfolio of
polyolefin catalyst technologies of
any independent catalysts producer.
BASF’s Polyolefin Catalysts business includes
high-activity PE catalyst technologies
that are utilized commercially in slurry processes
for the production of high-density PE resins
such as bimodal film and pipe.
PP catalyst technologies are used commercially
in all major PP process technologies
including slurry, bulk loop, stirred gas, fluid gas,
and stirred bulk.
The acquisition includes technologies, patents, trademarks,
and production plants in
* Pasadena, Texas and
* Tarragona, Spain,
as well as approximately 170 employees globally.
In addition to its proprietary PP and PE catalysts
products and technology, the BASF assets provide Grace
with significant additional flexibility and capacity
for its global polyolefin manufacturing network.
Contact WR GRACE
Media Relations
Rich Badmington
T +1 410.531.4370
Investor Relations
Tania Almond
T +1 410.531.4590
Contact BASF
Marko Jelicic
Phone: +49 621 60-41040
marko.jelicic@basf.com
Cesar F. Garcia
Phone: +1 732 535 0534
cesar.f.garcia@basf.com
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