W.R. Grace spinoff repackages Grace Construction Products
- Published: Monday, 08 February 2016 12:19
- Written by Concrete News
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.