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W R Grace receives best and final takeover bid from shareholder 40 North

W R Grace receives best and final takeover bid from shareholder 40 North
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Buyer Found For Plant In South Haven

March 10, 2021 A buyer for the Albemarle plant in South Haven has been found. The chemical company announced several years ago it was looking to sell the facility, and the purchase by W. R. Grace and Company out of Maryland is not expected to cause a change in employment at the site. Albemarle is selling its Fine Chemistry Services division to the Maryland outfit for around $570 million. Albemarle issued a press release on the agreement this month. It says as part of the transaction, Grace will acquire Albemarle’s operations in both Tyrone, Pennsylvania and South Haven. Albemarle CEO Kent Masters says in the press release “Fine Chemistry Services is a profitable business, and we have confidence that Grace is positioned to help it thrive.” The sale is pending regulatory approval.

Top Chemical Industry Posts You Missed in February

Several major acquisitions and divestitures captured headlines in February, as well plans for new facilities. Powder & Bulk Solids released a roundup of chemical plant tour videos and ACS named a new VP of regulatory and technical affairs. Changes to OSHA’s Hazard Communication standard were proposed last month.  Powder & Bulk Solids editors selected these posts to provide our audience with an overview of some of the most interesting chemical industry-related developments that were reported in the last month. As the pandemic continues to upend professional life,  Powder & Bulk Solids created a list of videos to enable our audience to virtually “tour” some of the world’s most advanced chemical and petrochemical facilities.

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