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Slide #77. W. R. Grace & Co. — Noblestar Catalysts Co., Ltd
Acquirer:
W. R. Grace & Co. (GRA)
Acquiree:
Noblestar Catalysts Co., Ltd
Details:
W. R. Grace & Co. announced that it has completed its acquisition of the assets of Noblestar Catalysts Co., Ltd, a Qingdao, China-based manufacturer of fluid catalytic cracking (FCC) catalysts, catalyst intermediates and related products used in the petroleum refining industry. Grace is the worldwide leader in FCC catalysts.
Grace (W.R.) is engaged in the production and sale of specialty chemicals and specialty materials through two reportable business segments: Grace Catalysts Technologies and Grace Materials Technologies. Co.'s Grace Catalysts Technologies segment includes catalysts and related products and technologies used in petrochemical, refining, and other chemical manufacturing applications. Co.'s Grace Materials Technologies segment includes specialty materials, including specialty materials, including silica-based and silica-alumina-based materials, used in pharma/consumer, coatings, and chemical process applications.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: GRA Stock Forecast Based on Zacks ABR data; powered by Xignite |