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Grace Acquires Assets of Grupo Sistiaga

Published on 2007-07-05. Author : SpecialChem

COLUMBIA, Md. -- W. R. Grace & Co. (NYSE:GRA) announced that it has acquired certain assets of Grupo Sistiaga S.L., located in Hernani, Spain. Terms of the acquisition were not disclosed. Sistiaga is a supplier of coatings for aluminum containers.

"This acquisition underscores our commitment to grow the Darex® coatings and sealants product group," said Fred Festa, Grace's President and Chief Executive Officer. "We are dedicated to providing our customers with innovative technologies and superior product performance. The products and technologies acquired are an excellent complementary addition to Grace's leading line of Darex® coating and sealant products."

"We continue to invest in new technology," said Robert Sorrentino, Vice President and General Manager of Darex. "Darex remains an industry leader because of our ongoing commitment to provide innovative solutions to the rigid packaging marketplace. This acquisition expands our coatings technology capabilities and allows us to respond to the fast-growing aluminum bottle segment, which aligns with our vision: Anticipating tomorrow's global packaging needs today."

About Grace Darex Packaging Technologies

Headquartered in Cambridge, Massachusetts, Grace Darex Packaging Technologies, a strategic product group of W. R. Grace & Co., is a leading supplier of can and closure sealants and coatings to the packaged food and beverage industry. For more than 80 years, Grace Darex has built a world-class reputation of total customer focus and innovative packaging solutions. Grace Darex Packaging Technologies operates worldwide and has customers in over 65 countries.

About Grace

Grace is a leading global supplier of catalysts and other products and services to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide-range of industrial applications; specialty chemicals, additives and materials for commercial and residential construction; and sealants and coatings for food packaging. With annual sales of more than $2.8 billion, Grace has over 6,500 employees and operations in nearly 40 countries.

Source: Grace

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