COLUMBIA, Md.--W. R. Grace & Co. (NYSE: GRA) and Synthetech, Inc. (NZYM.OB) today announced that Grace has completed the previously announced acquisition of Synthetech, a manufacturer of fine chemicals, at a price of $1.163286 per share.
We are pleased to add Synthetechs technical expertise and manufacturing assets, said Greg Poling, Vice President of W. R. Grace & Co. and President of Grace Davison. This acquisition provides Grace with additional capacity for the manufacture of specialty single-site and polypropylene catalysts used in the production of plastics, as well as adds to our discovery sciences offerings for the pharmaceutical industry, particularly in the area of drug development.
Grace is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, and specialty chemicals, additives and building materials for commercial and residential construction. Founded in 1854, Grace has operations in over 40 countries. For more information, visit Grace's web site at www.grace.com.Full Article
For a Complete Version of this BUSINESS WIRE Press Release