IHS Chemical Week

Grace to acquire Dow's Unipol PP catalyst licensing business for $500 million

10:46 AM MDT | October 11, 2013

W. R. Grace has agreed to acquire Dow Chemical’s Unipol polypropylene (PP) licensing and catalyst business for $500 million. The transaction is expected to close by year end pending regulatory approvals. “The addition of Dow’s world-class polypropylene products and process technology is a significant enhancement of Grace’s market-leading catalysts franchise,” says Grace chairman and CEO Fred Festa. “The agreement reflects Grace’s continuing commitment to invest in our catalyst businesses, particularly in technology.” The deal includes Dow’s PP...

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