W.R. Grace and Co. recently announced it has signed an agreement to acquire the assets of BASF’s polyolefin catalysts business. The transaction is expected to close in the third quarter of this. The acquisition includes technologies, patents, trademarks, and production plants in Pasadena, Texas and Tarragona, Spain, as well as approximately 170 employees globally.
“This is an important addition to Grace’s strong portfolio of polyolefin catalysts technologies,” said Fred Festa, chairman and CEO. “Grace is uniquely positioned to serve the growing needs of the polyolefins market and benefit from operational synergies. This opportunity is perfectly aligned with our focus on core catalysts and materials technologies.”