W. R. Grace & Co. signs an agreement to acquire the assets of BASF’s Polyolefin Catalysts business. The transaction is expected to close in the third quarter of this year pending regulatory approvals, required consultations with employee representatives and other customary closing conditions, according to the company. Terms were not disclosed. Grace is a supplier of polyolefin catalysts technology and polypropylene (PP) process technology.
BASF’s Polyolefin Catalysts business includes its LYNX high-activity PE catalyst technologies used commercially in slurry processes for the production of high-density PE resins such as bimodal film and pipe. LYNX PP catalyst technologies are used commercially in PP process technologies including slurry, bulk loop, stirred gas, fluid gas and stirred bulk.
The acquisition includes technologies, patents, trademarks and production plants in Pasadena, Texas and Tarragona, Spain, as well as approximately 170 employees globally. Grace will address the acquisition during the company’s earnings conference call on Wednesday, April 27 at 9 a.m. ET. Access to the live webcast and the accompanying slides are available through the Investors section of the company’s website.
For more information, visit: www.grace.com
