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Grace Completes Acquisition of Albemarle Polyolefin Catalyst Business

Apr 08, 2018

 According to reports, W.R. Grace announced on April 3 that it had completed the previously announced acquisition of Albemarle's polyolefin catalyst business. The $416 million deal includes production facilities in Baton Rouge, Louisiana and Lishui, Korea, as well as R&D and pilot plant capabilities and intellectual property. The business of this acquisition is mainly to develop and manufacture proprietary and customized single-site catalysts and metallocene catalysts and activators for the production of plastic resins. The transaction also includes a series of Ziegler-Natta catalysts for polyethylene production. "This acquisition has greatly strengthened our position in the fastest growing polyethylene sector and strengthened our portfolio of polyolefin catalysts," said Fred Festa, Chairman and CEO of Grace. “With the increasing demand for high-performance resins, Grace will strive to fully support our global polyethylene production customers by investing in single-site catalyst technology and expand this business.” Grace Corporation acquired in July 2016 BASF's polyolefin catalyst business.


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