12 October 2013
Details
W.R. Grace & Co.
has signed a definitive agreement to
acquire the assets of
Polypropylene Licensing and Catalysts Business of
The Dow Chemical Company
for a cash purchase price of $500 million.
Grace is a leading supplier of polyolefin catalyst technology and
has the broadest portfolio of polyolefin catalyst technologies of
any independent polyethylene/polypropylene catalyst producer.
Dow's licensing and catalyst systems business offers industry leading
- Polypropylene process technology which includes
* the advanced process control software,
* Catalyst systems and
* 6th Generation non-phthalate Catalyst systems
The transaction is expected to close by year end,
pending regulatory approvals.
Grace was advised on the transaction by
Blackstone Advisory Partners L.P.
Grace,
Fred Festa, Chairman and CEO
- The addition of Dow's world class polypropylene products and
process technology is a significant enhancement of
Grace's market-leading catalyst franchise.
- The agreement reflects Grace's continuing commitment
to invest in our catalyst business, particularly in technology.
- This acquisition strengthens our ability to
provide polypropylene catalysts solutions to
our customers around the world.
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