W.R. Grace heritage business split repackages Grace Construction Products

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A year after management outlined a proposed split into two public companies, W.R. Grace & Co. in Columbia, Md., completed the separation of its namesake business from a new entity, GCP Applied Technologies Inc. The latter was officially formed February 3 in a distribution of new GCP stock, at 1:1 ratio, to W.R. Grace shareholders. Cambridge, Mass.-based GCP Applied Technologies’ two global businesses, concrete admixture mainstay Grace Construction Products and Darex Packaging Technologies, have 2,800-plus employees in locations on six continents, and serve customers in more than 110 countries.

 
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W.R. Grace spinoff repackages Grace Construction Products

Sources: W.R. Grace & Co., Columbia, Md.; GCP Applied Technologies Inc., Cambridge, Mass.; CP staff

Nearly a year after management outlined a proposed split into two public companies, W.R. Grace completed the separation of its namesake business from a new entity, GCP Applied Technologies. The latter was officially formed February 3 in a distribution of GCP stock, at 1:1 ratio, to W.R. Grace shareholders. GCP Applied Technologies’ two global businesses, concrete admixture mainstay Grace Construction Products and Darex Packaging, have 2,800-plus employees in locations on six continents, and serve customers in more than 110 countries.

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Parent company maps Grace Construction Products’ independent future

Directors have approved a plan to separate Columbia, Md.-based W.R. Grace & Co. into two independent, publicly traded companies, each with interim designations: New GCP, spanning concrete admixtures- and cement additives-anchored Grace Construction Products, and New Grace, comprised of petroleum and chemical processing-driven Catalysts and Materials Technologies.

 
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Parent company maps Grace Construction Products’ independent future

Sources: W.R. Grace & Co., Columbia, Md., CP Staff

Directors have approved a plan to separate Grace into two independent, publicly traded companies, each with interim designations: New GCP, spanning concrete admixtures- and cement additives-anchored Grace Construction Products, and New Grace, comprised of petroleum and chemical processing-driven Catalysts and Materials Technologies.

 
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MANUFACTURERS – November 2014

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Command Alkon has promoted Gustavo Vargas to vice president. Over 16-plus years, he has served as sales manager, account manager, director of Strategic Marketing, and currently leads the MOBILEconnect division, with additional responsibility for Command Alkon’s Brazilian operations. Vargas holds a master’s degree in Business Administration and a bachelor’s in Mechanical Engineering.

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