W. R. Grace & Co., through its subsidiaries, produces and sells specialty chemicals and materials worldwide. It operates through two segments, Grace Catalysts Technologies and Grace Materials Technologies. The Grace Catalysts Technologies segment offers fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, such as gasoline and diesel fuels, and petrochemicals; and FCC additives. This segment also provides hydro processing catalysts used in process reactors to upgrade heavy oils into lighter products; polyolefin and chemical catalysts used for the production of polypropylene and polyethylene thermoplastic resins; and chemical catalysts, as well as gas-phase polypropylene process technology to manufacture polypropylene products. The Grace Materials Technologies segment offers functional additives and process aids, such as silica gel, colloidal silica, zeolitic adsorbents, precipitated silica, and silica-aluminas; and fine chemical intermediates and regulatory starting materials for use in consumer/pharma, coatings, and chemical process applications. W. R. Grace & Co. was founded in 1854 and is headquartered in Columbia, Maryland.
IPO Year: n/a
Exchange: NYSE
Website: grace.com
BMO Capital Markets downgraded W.R. Grace from Outperform to Market Perform and set a new price target of $70.00
UBS downgraded W R Grace from Buy to Neutral and set a new price target of $70.00 from $71.00 previously
CL King downgraded W R Grace from Buy to Neutral
Credit Suisse resumed coverage of W.R. Grace with a rating of Outperform and set a new price target of $69.00
Credit Suisse Group reiterated coverage of W. R. Grace & Co. with a rating of Outperform and set a new price target of $69.00 from $57.00 previously
COLUMBIA, Md., Dec. 13, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology, polypropylene (PP) process technology, and technology services, announced the successful start-up of two 400 KTA UNIPOL® PP process technology lines at Oriental Energy in Ningbo, China. This brings the total UNIPOL® PP operating capacity in China to more than 6.3 million tons per annum in the last twelve years making homopolymer, random and impact copolymers to serve the growing market for high performance plastics in China. As of today, we expect another 2 million tons per annum to come on stream in the next few years from UNIPOL® PP Process Technology in
COLUMBIA, Md., Dec. 07, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology, polypropylene (PP) process technology, and technology services, has licensed its UNIPOL® PP process technology to Oriental Energy for its Maoming, China, plant. This is Oriental Energy's fifth polypropylene line, and its fourth using Grace's UNIPOL® PP process technology with a production capacity of 400 KTA. Laura Schwinn, President of Grace's Specialty Catalysts business said, "We are extremely pleased that Oriental Energy has chosen our UNIPOL® PP process technology once again for its newest polypropylene line in Maoming. Our continuous cooperation o
ICR 450, 5th Generation ISODEWAXING® catalyst technology provides additional flexibility and profitability for refiners by delivering breakthrough performance from advanced zeolite developmentThe awards are judged by a third-party advisory board consisting of operating companies, EPCs, licensors, consultants, and equipment/service companiesAward confirms ART's innovation and technology leadership COLUMBIA, Md., Nov. 09, 2021 (GLOBE NEWSWIRE) -- Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. R. Grace & Co. and US energy company Chevron, today announced that its ICR 450 catalysts have received the 2021 Hydrocarbon Processing
COLUMBIA, Md., Nov. 04, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (Grace), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, is pleased to announce that its UNIPOL® PP technology licensee, Braskem, has successfully completed one year of commercial production at its newest, world-class 450 KTA polypropylene production line in La Porte, Texas. Grace provided state-of-the-art PP design technology and innovations to meet Braskem's need to manufacture a wide breadth of polypropylene products for its customers. The La Porte commercial production line has the capability to produce a full range of homopolymer, random copolymer, and impa
Hoover CS is proud to announce a multi-year agreement with Advanced Refining Technologies LLC (ART), the joint venture of US specialty chemicals and materials company W. R. Grace & Co. (NYSE:GRA) and US energy company Chevron (NYSE:CVX), in partnership with Bahrain Petroleum Company (Bapco). Under the terms of the agreement, Hoover CS will provide ART with circular catalyst packaging and logistics solutions in support of the largest catalyst management agreement signed in Bapco's history. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210921005149/en/Executive leadership and senior management from Hoover CS, BAPCO, ART, and CLG (
NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) ("Holdings") and W. R. Grace & Co. (NYSE:GRA) ("Grace") today announced the final results of the previously announced offers to eligible holders to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the "Grace Issuer") as set forth in the table below (the "Existing Grace Notes") for (1) up to $1,050,000,000 aggregate principal amount of new notes issued by Holdings (the "New Secured Notes") and (2) cash, and related consent solicitations (each, a "Consent Solicitation" and, col
COLUMBIA, Md., Sept. 17, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) (the "Company") today announced that, at a Special Meeting of Shareholders held today, the Company's shareholders approved a proposal to adopt the merger agreement (the "Merger Agreement") between Grace and an affiliate of Standard Industries Holdings Inc., under which Standard Industries Holdings will acquire all of the outstanding shares of Grace common stock for $70.00 per share in cash. Approximately 99.6% of the votes cast at the meeting, representing approximately 69.5% of shares of the Company's common stock issued and outstanding as of the close of business on August 9, 2021, the record date for the S
COLUMBIA, Md., Sept. 16, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL® PP process technology to GAIL (India) Ltd, India's principal gas transmission and marketing company under the Ministry of Petroleum and Natural Gas. The 500 KTA polypropylene plant, located in Usar, Maharastra, India, will be the first PDH and PP plant in India. It is also the largest single-line UNIPOL® PP process technology capacity that Grace has licensed in India. This is GAIL's second UNIPOL® PP process technology license, continuing to show the confidence in Grace to del
NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) ("Holdings") and W. R. Grace & Co. (NYSE:GRA) ("Grace") today announced the extension of the Expiration Date (as defined below) of the previously announced offers to eligible holders to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the "Grace Issuer") as set forth in the table below (the "Existing Grace Notes") for (1) up to $1,050,000,000 aggregate principal amount of new notes issued by Holdings (the "New Secured Notes") and (2) cash, and related consent solicitations (ea
COLUMBIA, Md., Aug. 18, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL® PP Process Technology to GAIL (India) Limited. The UNIPOL® PP process technology will be used for a 60 KTA polypropylene plant located at their existing petrochemical complex in Pata, India. Mr. Shri M. V. Iyer, Director of Business Development, said, "We are excited to partner with Grace and their UNIPOL® PP Process Technology at our existing gas cracker complex in Pata, India. The total project economics, which included a catalyst supply agreement, made this an easy choic
COLUMBIA, Md., Jan. 15, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) today announced that it has sent a letter to 40 North Management LLC (“40 North”) in response to 40 North’s January 11, 2021 revised unsolicited proposal to acquire Grace for $65 per share in cash. Following is the full text of the letter that was sent on January 15, 2021: January 15, 2021 David Winter and David Millstone40 North Management LLC9 West 57th Street, 47th Fl.New York, NY 10019 David and David – I am writing on behalf of the Grace Board of Directors in response to your letter and revised proposal of January 11, 2021. Our Board of Directors has met and discussed your revised proposal. We are wil
COLUMBIA, Md., Jan. 12, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) has elected Cherée H. Johnson as Senior Vice President, General Counsel and Secretary, with responsibility for all legal matters worldwide, including management of Grace’s legal department. As Corporate Secretary, Johnson is also responsible for corporate governance and matters relating to the Board of Directors. She also serves as Grace’s Chief Ethics & Compliance Officer. Johnson succeeds Mark A. Shelnitz who retired from Grace on December 31, 2020. Johnson joins Grace from McCormick & Co., Inc., where she served as Vice President, Deputy General Counsel, Assistant Corporate Secretary and Chief Intellectual P
COLUMBIA, Md., Jan. 11, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE: GRA) confirmed that it has received a revised proposal from 40 North Management LLC (“40 North”) to acquire all outstanding shares of Grace for $65 per share in cash (the “Proposal”), subject to certain conditions. The Grace Board of Directors, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will carefully review and evaluate the Proposal to determine the course of action it believes is in the best interest of the Company and its shareholders. As part of this review, the Board will consider the Proposal in the context of the Company’s ongoing review of pot
NEW YORK--(BUSINESS WIRE)--40 North Management LLC (“40 North”) today sent a letter to the Board of Directors of W.R. Grace & Co (NYSE: GRA) (“Grace” or the “Company”) increasing its offer to acquire all of the outstanding shares of common stock for $65 per share in cash. The offer represents a 62% premium over Grace’s closing share price on October 13, 2020, the day prior to 40 North filing a Schedule 13D/A with the Securities and Exchange Commission disclosing the resignation of the 40 North representative from the Grace Board of Directors. The full text of the letter follows: January 11, 2021 Board of Directors W.R. Grace & Co. 7500 Grace Drive Columbia, MD 21044 Dear Membe
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NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) -- W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) ("Holdings") and W. R. Grace & Co. (NYSE:GRA) ("Grace") today announced that, in connection with the anticipated combination of Holdings and Grace, Holdings has commenced offers to eligible holders to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the "Grace Issuer") as set forth in the table below (the "Existing Grace Notes") for (1) up to $1,050,000,000 aggregate principal amount of new notes issued by Holdings (the "New Secured Notes") and (2) cash. The following table se
Second Quarter 2021 Highlights Net sales of $512.9 million were up 22.5%, or up 19.8% on constant currency; all segments increased year over year for the second consecutive quarterWeather-related costs from the Gulf Coast freeze of $10.3 million or $0.12 per share recorded in the second quarterDiluted EPS of $0.68, up $0.79 from $(0.11) a year ago; Adjusted EPS of $1.01, up $0.52 from $0.49 a year ago (See Analysis of Operations and Notes for information on Non-GAAP financial measures; all results based on year-over-year comparison unless otherwise noted.) COLUMBIA, Md., Aug. 02, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced financia
First Quarter 2021 Highlights Net sales of $456.7 million were up 8.4%, or up 5.8% on constant currency; all segments returned to year over year growth in the quarterWeather-related impact on sales was approximately 3% or $13 million in the first quarter; in addition, expect weather-related costs of approximately $15 million, with $8.5 million or $0.09 per share recorded in the first quarter and approximately $6.5 million expected in the second quarterDiluted EPS of $1.03, up $0.40 from $0.63 a year ago, primarily due to pension curtailment-related gains recorded in 1Q21, and Adjusted EPS of $0.73, up $0.02 from $0.71 a year ago (See Analysis of Operations and Notes for information on Non-
Grace Shareholders to Receive $70 per Share in Cash Transaction Valued at Approximately $7.0 Billion Delivers Significant, Immediate Cash Premium of Approximately 59% to Grace Shareholders COLUMBIA, Md. and NEW YORK, April 26, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA), a leading global specialty chemical company and Standard Industries Holdings Inc., the parent company of Standard Industries, a privately held global industrial company, today announced that they have entered into a definitive agreement under which Standard Industries Holdings will acquire Grace in an all-cash transaction valued at approximately $7.0 billion, including Grace's pending pharma fine c
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 COLUMBIA, Md., Feb. 25, 2021 (GLOBE NEWSWIRE) -- 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 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 Gr
COLUMBIA, Md., Feb. 09, 2021 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced that it has declared a quarterly cash dividend of $0.33 per common share. The dividend, payable March 23, 2021 to shareholders of record at the close of business on March 2, 2021, reflects approval by the Board of Directors of a 10 percent increase in the company’s regular annual cash dividend, from $1.20 per common share to $1.32 per common share. The declaration of any dividends falls within the discretion of the Board, taking into account such considerations as the Board may deem relevant at the time including, without limitation, the company's financial condition, financial performance, avail