Standard buys W.R. Grace for $7B
W.R. Grace & Co. Industrial conglomerate Standard Industries Holdings Inc. has acquired specialty chemicals maker W.R. Grace & Co. in a $7 billion all cash deal. Plastics-related products made by Columbia, Md.-based Grace include polyolefin catalysts for the production of polypropylene and polyethylene resins, as well as surface modifiers for thin polymer films. Grace also licenses Unipol-brand gas phase PP process technology for production of a broad range of PP resins. Grace acquired the Unipol PP technology from Dow for $500 million in 2013. Unipol originally was developed by Union Carbide...
Source: plasticsnews.com