Overview
On September 13, 2010, W.R. Grace & Co. (NYSE: GRA) announced its merger with Synthetech, Inc. (NZYM.OB), a manufacturer of fine chemicals specializing in organic synthesis, biocatalysts and chiral technologies.
Grace is a global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications.
Significance
The acquisition will provide Grace with capacity for the manufacture of specialty single-site and polypropylene catalysts used to produce plastics.
Synthetech’s fine chemicals expertise in chiral and peptide intermediate synthesis will expand Grace’s discovery sciences offerings to the pharmaceutical sector.
“Synthetech’s established relationships with pharmaceutical companies and their expertise in the development-stage of patented drugs also will broaden our portfolio of products and services in our discovery sciences business,” said Greg Poling, VP of W.R. Grace & Co. And President of Grace Davison.
Crosstree’s Role
Financial advisor to Synthetech.
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