WR Grace buys Dow polypropylene catalysts unit
12/2/2013 12:00:00 AM
WR Grace & Co. has completed the previously-announced acquisition of Dow Chemical's polypropylene licensing and catalysts business for a cash total of $500 million, the company said on Monday.
The acquisition includes the UNIPOL polypropylene process technology and makes Grace the second largest polypropylene licensor in the world based on installed capacity.
“The UNIPOL brand and the capabilities it represents are highly respected in the marketplace, and we are committed to strengthening that position,” said Grace CEO Fred Festa.
“We look forward to communicating our expanded capabilities and full portfolio of products and services to our customers and the broader global marketplace," he added. "We’re pleased to welcome a very talented team to Grace.”
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