Abstract

On Feb. 3, W.R. Grace will spin off GCP Applied Technologies as an independent company based in Cambridge, Mass., and listed on the New York Stock Exchange. Focused on construction products and packaging, GCP had $1.4 billion in sales for the 12 months ending Sept. 30. Grace remains as a $1.7 billion maker of process catalysts and specialty silicas. Speaking at an investor meeting last week in New York City, Fred Festa, chairman of W.R. Grace, told investors that the spin-off will create two simpler and more focused companies with good growth potential.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.