14 December 2017
VIEW FULL ACQUISITION PRESENTATION
DETAILS
W. R. Grace & Co.today signed an agreement
to acquire the Polyolefin Catalysts business of
Albemarle Corporation for $416 million.
The transaction is expected to close
in the first quarter of 2018,
subject to regulatory approvals
and other customary closing conditions.
The Polyolefin Catalysts business is a global leader
* in proprietary and custom-manufactured single-site catalysts
* as well as metallocenes and activators.
The acquisition also includes a comprehensive series of
* highly optimized Ziegler-Natta catalysts
for polyethylene production.
The acquisition significantly strengthens
* Grace’s catalysts technology portfolio,
* commercial relationships, and
* manufacturing network.
Approximately 175 employees will join Grace’s global team.
The two manufacturing operations in
* Baton Rouge, Louisiana, USA and
* Yeosu, South Korea
add important flexibility to
the company’s global catalysts manufacturing network,
enhancing Grace’s ability to meet customer needs
across multiple regions.
Fred Festa
Grace Chairman and Chief Executive Officer
“This transaction aligns perfectly with our strategy
to expand our leadership position in polyolefin catalysts,”
“I am excited about the opportunities created by
adding the talent, advanced technology,
and manufacturing capabilities of the business.
Both the catalysts and activators product lines
are tied to high-growth applications and the manufacturing assets
bring important scale and capital synergies.”
Media Relations
Rich Badmington
T +1 410.531.4370
rich.badmington@grace.com
Investor Relations
Tania Almond
T +1 410.531.4590
tania.almond@grace.com
W. R. Grace & Co.
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