Grace Purchases Fine Chemicals Manufacturer Synthetech

W. R. Grace & Co. (NYSE: GRA) and Synthetech, Inc. (NZYM.OB) today announced that Grace has completed the previously announced acquisition of Synthetech, a manufacturer of fine chemicals, at a price of $1.163286 per share.

“We are pleased to add Synthetech’s technical expertise and manufacturing assets,” said Greg Poling, Vice President of W. R. Grace & Co. and President of Grace Davison. “This acquisition provides Grace with additional capacity for the manufacture of specialty single-site and polypropylene catalysts used in the production of plastics, as well as adds to our discovery sciences offerings for the pharmaceutical industry, particularly in the area of drug development.”

Source: http://www.grace.com/

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