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Grace Expands Fast Growing Pharma Portfolio through Acquisition of Fine Chemistry Business

Grace Expands Fast Growing Pharma Portfolio through Acquisition of Fine Chemistry Business
W. R. Grace & Co. today announced that it has entered into a definitive agreement to acquire the Fine Chemistry Services business of ALBemarle Corporation for approximately $570 million, including $300 million paid in cash at closing and $270 million funded through the issuance to ALBemarle of non-participating preferred equity of a newly created Grace subsidiary. The acquisition significantly strengthens and …
Highly Complementary Bolt-on Acquisition Accelerates Strategy of Building Higher Growth Portfolio
Accretive to Revenue Growth Rate, EBITDA Margin and Adjusted EPS in 2021
Significantly Strengthens Technology, Product and Manufacturing Capabilities
W. R. Grace & Co. (NYSE: GRA, the “Company”) today announced that it has entered into a definitive agreement to acquire the Fine Chemistry Services business (“FCS”) of ALBemarle Corporation (NYSE: ALB) for ....

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Indian apparel industry should aspire for double digit share in global fabric exports: M Venkaiah Naidu | India News

Vice President M Venkaiah Naidu (File photo)
NEW DELHI: Vice President M Venkaiah Naidu on Thursday said the country s apparel industry must aim to capture double-digit share in global fabric exports from the current level of 5-6 per cent.
The Vice President also called for upskilling textile and apparel workers and adopting the latest technologies to gain competitiveness in exports and to capture the global market.
We should aspire to soon reach a double-digit share in exports of fabrics from the current 5-6 per cent, Naidu said while inaugurating a virtual platform of apparel export promotion council (AEPC).
The Vice President said the sector should ponder upon the reasons why India, despite being the leading producer and exporter of cotton, jute, silk and MMF yarns, lacks the competitive edge in fabrics and apparels when compared to Bangladesh and China. ....

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