W. R. Grace completes US$500M acquisition of Dow's PP licensing and catalysts business; purchase makes Grace the second largest PP licensor in the world based on installed capacity
December 2, 2013
– W. R. Grace & Co. (GRA) announced that it has completed the acquisition of the assets of the Polypropylene Licensing and Catalysts business of The Dow Chemical Company (DOW) for a cash purchase price of $500 million. The acquisition includes UNIPOL™ Polypropylene Process Technology and makes Grace the second largest polypropylene licensor in the world based on installed capacity, advancing Grace’s leadership in the broader polyolefin sector.
“The UNIPOL brand and the capabilities it represents are highly respected in the marketplace, and we are committed to strengthening that position,” said Grace Chairman and Chief Executive Officer 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. We’re pleased to welcome a very talented team to Grace.”
Grace will continue to support the UNIPOL™ Polypropylene Process Technology, which includes the UNIPOL UNIPPAC™ Process Control System, a recognized leader in the industry. The UNIPOL™ tailored SHAC™ Catalysts Systems, 6th Generation non-phthalate CONSISTA™ Catalysts Systems, and advanced donor systems, ADT and CONSISTA™, enhance Grace’s polyolefin catalysts portfolio. These products complement Grace’s polypropylene catalysts families of POLYTRAK®, and HYAMPP™ and its polyethylene catalyst systems such as Cr-based catalysts (MAGNAPORE®), Ziegler-Natta Catalysts, and Single Site Catalysts.
Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The company’s three industry-leading business segments—Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—provide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,500 people in over 40 countries and had 2012 net sales of $3.2 billion. More information about Grace is available at www.grace.com.
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