WR Grace & Co. (WR Grace and Company) (NYSE: GRA) was founded in 1854 and is headquartered in Columbia, Maryland, with 6,700 full-time employees. , Is a chemical enterprise group in the United States, operating in the global production and sales of specialty chemicals and materials.
WR Grace & Co. (GRA):
Grace company is divided into 3 departments to operate: Grace Catalysts Technologies, Grace Materials Technologies, Grace Construction Products.
- Grace Catalysts Technologies : Provides fluidized catalytic cracking (FCC) catalysts required for the production of transportation fuels, such as gasoline and diesel fuels, and other petroleum products; provides FCC auxiliary products, as well as the processing and upgrading of heavy oil to light oil. Hydrogen treatment catalysts; provide polyolefin catalysts, catalyst supports, which are used in the production of polypropylene and polyethylene thermoplastic resins; provide chemical catalysts, which are used in various industrial, environmental, and consumer fields, and provide gas-phase polypropylene process technology to manufacture poly Propylene products.
- Grace Materials Technologies : Provide silicon-based materials, silicon-aluminum-based engineering materials, used in coatings, printing media, consumer, industry, medicine, life sciences and related applications, etc.; provide packaging materials, including sealants for bottles and caps ; Coatings for bottles and cans, coatings for caps, removal technology.
- Grace Construction Products : Provide special construction chemicals, such as concrete admixtures, fiber concrete, cement additives, concrete block admixtures, and ready-mixed concrete process solutions; provide special building materials, which are used in new construction, renovation/maintenance construction projects , Including waterproofing membranes and roof cushions used in commercial and residential buildings; providing chemical grouting products for water and soil conservation, gas extraction barriers; cement grouting and mortar, passive fire protection materials (PFP), decorative/construction concrete products. [The business was split in January 2016 and an independent listed and traded company- GCP Applied Technologies Inc. (NYSE: GCP) was established]
WR Grace & Co. (GRA) History:
- In 1854, William Russell Grace founded WR Grace and Company in Peru;
- In 1865, William’s brother Michael joined the company, the company was renamed Grace Brothers & Co., and the global headquarters was moved to New York, USA;
- According to the New York Times, in 1895, WR Grace & Co. in New York, Grace Brothers & Co. in Peru, Grace & Co. in Chile, William R. Grace & Co. in London, and JW Grace & Co. in the United States (San Francisco) merged to form in 1895. WR Grace & Company (but according to its official website, WR Grace & Co. was established in Connecticut in 1899);
- At one time, Grace’s main business was shipping, transporting agricultural products from Peru to North America and Europe. In 1882, Grace Line began operations; in 1893, the subsidiary New York & Pacific Steamship Co. (UK) was founded; in 1912, Atlantic and Pacific Steamship Company (USA) was established; in 1916, Grace Steamship Company was established;
- In 1916, Grace acquired a controlling stake in Pacific Mail Steamship Company;
- In 1923, the US shipping business was sold to Dollar Shipping Company. Later the company established Panama Mail Steamship Company;
- In 1928, Grace and Pan American Airways established a joint venture, Pan American-Grace Airways (Panagra), which began operations in 1929;
- In 1953, WR Grace & Co. IPO listed on the New York Stock Exchange;
- In 1990, acquired Forrer Industries, a leading supplier of masonry block products;
- In 1996, after Grace received about US$3 billion in cash after tax from the disposal of some non-core businesses, Grace established the first packaging and silicon product factory in Malaysia and expanded its construction products business to India And Vietnam;
- In 1997, Grace announced the merger plan between Cryovac packaging business and Sealed Air Group of the United States , introducing Procor™ waterproofing system, the liquid coating system as an alternative to waterproofing membranes;
- In 1998, in a transaction valued at more than $6 billion, Cryovac’s packaging business merged with Sealed Air Group. The new company has grown into a global specialty chemicals company, focusing on catalysts and silicon products, specialty construction chemicals and building materials, and container protection products;
- In 1999, a high-performance chemical unit was established, including construction chemicals and materials, and Darex container products;
- In 2000, Grace continued to implement a successful reinforcement acquisition strategy for the Crosfield Groups hydroprocessing business, international protective coatings fire protection products and systems business, LUDOX® colloidal silica business and Hampshire polymer business;
- On April 2, 2001, Grace announced that, in accordance with Chapter 11 of the U.S. Bankruptcy Code, the company voluntarily applied for reorganization to deal with a substantial increase in asbestos claims;
- In 2001, Grace Performance Chemicals acquired Pieri SA’s construction chemicals business;
- In 2002, Grace Performance Chemicals acquired Addiment, Inc., a leading supplier of specialty chemicals for the concrete paver and masonry industry;
- In 2002, Grace Performance Chemicals joined the American Roofing Engineering Association and donated more than 40,000 square feet of Grace Building Waterproof System, that is, the roof waterproof cushion, to help repair and replace a part of the Washington Pentagon roof;
- In 2003, Grace Performance Chemicals acquired certain assets of Tricosal Beton-Chemie GmbH & Co., which is a major supplier of specialty chemicals and materials for the European construction industry;
- In 2005, Grace acquired Venezuela Midland Dexter, a supplier of rigid packaging coatings and sealants for the local and export markets in Latin America;
- In 2005, Grace acquired Perstorp Peramin Ab, a Swedish concrete admixture company;
- In 2005, the company expanded its business in China, established a new office in Shanghai, and established a technical service center in Beijing;
- In 2006, Grace opened a manufacturing plant in Tennessee to produce residential and commercial construction products;
- In 2007, the innovation center was officially opened in Poznan, Poland, and a new cement processing aid and concrete admixture manufacturing plant was opened in Fumen County, Ho Chi Minh City, Vietnam;
- On September 19, 2008, under the protection of Chapter 11 of the U.S. Bankruptcy Law, Grace reached an out-of-court settlement in a personal injury claim;
- In 2010, the company acquired Wuhan Millison New Building Materials Co., Ltd., which is a manufacturer of waterproof products in China;
- In 2011, the company opened a cement additive and concrete admixture plant near Delhi, India;
- In 2013, WR Grace & Co. acquired Chemind Building Products Company. Chemind Building Products Company, located in Brisbane, Australia, is a professional manufacturer and distributor of waterproof coating technology and materials for the private design and construction industry;
- On February 3, 2014, Grace’s joint reorganization plan came into effect, which marked the company’s return in accordance with Chapter 11 of the Bankruptcy Law;
- In 2015, the company announced plans to split into two major listed companies: the spin-off company will include the Grace Construction Products segment and Darex packaging technology business to spin off the establishment- GCP Applied Technologies Inc .;
- On January 29, 2016, GCP Applied Technologies Inc. began trading on the New York Stock Exchange under the symbol GCP.