Grace Completes Acquisition of Synthetech, Inc.
24-Nov-2010
- USA
W. R. Grace & Co. and Synthetech, Inc. 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 Synthetech’s 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.”
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