W.R. Grace buys Single-Site Catalysts to boost Davison Chemicals segment

By Caroline Salls

Pittsburgh, Nov. 8 - W. R. Grace & Co. has acquired the assets of Single-Site Catalysts, LLC, according to a company news release.

The purchase includes customer agreements and intellectual property for the manufacture of metallocenes and boron co-catalysts.

Financial terms of the deal were not disclosed.

According to the release, the terms of the acquisition will ensure that no product re-qualifications will be required since Grace will maintain a manufacturing relationship with Single-Site affiliate Norquay Technology, Inc.

The business will be integrated into Grace's Davison Chemicals business segment.

"This acquisition supports our strategy to expand and strengthen our competencies in our Specialty Catalysts business unit," Grace Davison president Gregory E. Poling said in the release.

"Leveraging Grace Davison's catalyst support technology and manufacturing capabilities with Single-Site's advanced synthesis technology will result in high value products for the polyolefin industry."

Grace Davison Specialty Catalysts vice president and general manager Anthony J. Dondero added in the release, "With this acquisition, Grace becomes the only provider of the full range of single-site catalyst solutions with access to supports, metallocene components and immobilization services."

"As the only integrated catalyst system provider, Grace Davison will enable customers to accelerate their product development cycles."

W.R. Grace, a Columbia, Md.-based specialty chemicals company, filed for bankruptcy on April 2, 2001 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 01-01139.

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