Industry News

Grace Acquires Midland Dexter Venezuela, S.A.

Published on 2005-03-03. Author : SpecialChem

COLUMBIA, Md. -- W. R. Grace & Co.(NYSE:GRA - News) announced that it has acquired certain assets of Midland Dexter Venezuela, S.A. (Midevensa). Terms of the acquisition were not disclosed. Midevensa is a supplier of coatings and sealants for rigid packaging in the local and export markets of Latin America.

"This acquisition underscores our commitment to grow the Darex coatings and sealants business," said Fred Festa, Grace's President and Chief Operating 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 a market leader because of our on-going commitment to provide innovative solutions to the rigid packing marketplace. This acquisition is an important part of our growth strategy."

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 $2.2 billion, Grace has over 6,000 employees and operations in nearly 40 countries.

Source: W. R. Grace & Co.

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