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Grace completes buy, invests in Malaysia

W.R. Grace & Co., which has itself just agreed to be acquired by Standard Industries Holdings for approximately $7 billion, has announced two further transactions. It has completed the $570 million acquisition of Albemarle Fine Chemistry Services and the expansion of its manufacturing plant in Kuantan, Malaysia.

Standard Industries to acquire Grace

A five-month battle over the ownership of W. R. Grace & Co. came to an end on 26 April, when the company entered into a definitive agreement with Standard Industries Holdings will acquire it in an all-cash transaction valued at approximately $7.0 billion. This includes Grace’s pending acquisition of Albemarle Fine Chemistry Services (FCS).

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