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Grace Agrees to Purchase Dows UNIPOL Polypropylene Process Technology Licensing and Catalysts Business
2013-10-11 14:09:00| W.R. Grace & Co.
COLUMBIA, Md.--(BUSINESS WIRE)--W. R. Grace & Co. (NYSE: GRA) announced that it has signed a definitive agreement to acquire the assets of the UNIPOL Polypropylene Licensing and Catalysts business of The Dow Chemical Company (NYSE: DOW) for a cash purchase price of $500 million. The transaction is expected to close by year end, pending regulatory approvals. Dows UNIPOL licensing and catalysts systems business offers industry-leading UNIPOL Polypropylene Process Technology, which includes the advanced process control UNIPOL UNIPPAC Process Control software, SHAC Catalysts Systems, and 6th Generation non-phthalate CONSISTA Catalysts Systems. Grace is a leading supplier of polyolefin catalyst technology and has the broadest portfolio of polyolefin catalyst technologies of any independent polyethylene/polypropylene catalyst producer. The addition of Dows world-class polypropylene products and process technology is a significant enhancement of Graces market-leading catalysts franchise, said Grace Chairman and Chief Executive Officer Fred Festa. The agreement reflects Graces continuing commitment to invest in our catalyst businesses, particularly in technology. This acquisition strengthens our ability to provide polypropylene catalyst solutions to our customers around the world. Grace was advised on the transaction by Blackstone Advisory Partners L.P. Grace will address the acquisition during the companys Third Quarter 2013 earnings conference call scheduled for Wednesday, October 23, at 11:00 a.m. ET. Access to the live webcast and the accompanying slides will be available through the Investor Information section of the companys website, www.grace.com. About Grace Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The companys three industry-leading business segmentsGrace Catalysts Technologies, Grace Materials Technologies and Grace Construction Productsprovide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,500 people in over 40 countries and had 2012 net sales of $3.2 billion. More information about Grace is available at www.grace.com. This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words believes, plans, intends, targets, will, expects, suggests, anticipates, outlook, continues or similar expressions. Forward-looking statements include, without limitation, all statements regarding Graces Chapter 11 case; expected financial positions; results of operations; cash flows; financing plans; business strategy; budgets; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: developments affecting Graces bankruptcy, propose plan of reorganization and settlements with certain creditors, the cost and availability of raw materials (including rare earth) and energy, developments affecting Graces underfunded and unfunded pension obligations, risks related to foreign operations, especially in emerging region, acquisitions and divestitures of assets and gains and losses from dispositions or impairments, the effectiveness of its research and development and growth investments, its legal and environmental proceedings, costs of compliance with environmental regulation and those factors set forth in Graces most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Graces projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
Tags: business
technology
process
purchase
Cordless Clutch Tools support manufacturing assembly process.
2013-10-10 14:34:12| Industrial Newsroom - All News for Today
Powered by 2.0 Ah battery pack or 4.2 Ah Lithium Nickel batteries, EYFGA Series comprises 3 models with error proofing capability and 3 with operator OK/NOK indications, both visual and audible. Programmable features include adjustable rundown speeds, cross thread reduction, cross thread/rehit detection, and programmable maintenance intervals. To prevent over or under torqued fasteners, tools are equipped with fast acting clutch and photo interrupter which shuts off tool immediately. This story is related to the following:Cordless Tools |
Tags: support
tools
process
manufacturing
Analytical Balance provides error-free process security.
2013-10-10 14:34:12| Industrial Newsroom - All News for Today
Excellence Analytical Balances offer features that secure reliable weighing results and support QA demands for error-free processes and full traceability. While green StatusLight™ indicator gives users full visibility that all balance tests are up to date and ensures it is safe to start weighing, StaticDetect™ sensor technology provides reassurance that weighing results are not influenced by electrostatic charge. RFID read-write capabilities and graphical leveling guide are also standard. This story is related to the following:Analytical Balances
Tags: process
security
balance
analytical
Polymicro 200/230 PolyClad Optical Fiber For Short-To-Medium Distance Data Communications In Factory Automation And Process Control Applications
2013-10-10 11:55:54| chemicalonline News Articles
Molex Incorporated has successfully developed a Polymicro optical fiber comprising a low -OH synthetic fused silica core, PolyClad™ hard polymer clad and ETFE buffer/jacket. Featuring high tensile strength and minimal bend radius for high reliability, Polymicro 200/230 PolyClad Optical Fiber accommodates short-to-medium distance data communications in Factory Automation and Process Control Applications and withstands harsh-temperature
Tags: data
control
process
applications
Polymicro 200/230 PolyClad Optical Fiber For Short-To-Medium Distance Data Communications In Factory Automation And Process Control Applications
2013-10-10 11:55:54| chemicalonline News Articles
Molex Incorporated has successfully developed a Polymicro optical fiber comprising a low -OH synthetic fused silica core, PolyClad™ hard polymer clad and ETFE buffer/jacket. Featuring high tensile strength and minimal bend radius for high reliability, Polymicro 200/230 PolyClad Optical Fiber accommodates short-to-medium distance data communications in Factory Automation and Process Control Applications and withstands harsh-temperature
Tags: data
control
process
applications
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