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.
Tag: W.R. Grace
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.
Read MoreW.R. Grace sets stage for Construction Products spin off, rebranding
Sources: W.R. Grace & Co., Columbia, Md.; CP staff
W. R. Grace has named Adam Grose president of the Specialty Construction Chemicals business anchoring GCP Applied Technologies Inc.—the Cambridge, Mass.-based public company to be formed through an early-2016 spin-off of the Construction Products segment and Darex Packaging Technologies.
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