WR Grace sells two product lines
Chemical firm makes divestitures worth $27 million
Dave Hannon -- Purchasing, 10/20/2009 9:28:23 AM
WR Grace recently sold both its membranes product line and its firestopping and abatement product line in two separate transactions totally about $27 million
The membranes product line is a component of Grace Davison's Specialty Technologies product group and was sold to an unnamed buyer. It manufactures polymer-based membranes used in natural gas separation.
Grace sold the firestopping and abatement product line, a component of Grace Construction Products' Specialty Building Materials product group, to another buyer for approximately $5 million. Firestop products compartmentalize and contain fire and smoke within a building and abatement products are used for the abatement of asbestos and lead paint.
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