Grace buys BASF polyolefin catalysts business
US-based WR Grace has completed the acquisition of German chemical company BASF's Polyolefin Catalysts business for an undisclosed amount.
As part of the deal, Grace will now completely own LYNX high-activity polyethylene (PE) catalyst technologies, which are used in slurry processes for producing high-density PE (HDPE) resins such as bimodal film and pipe.
The deal also included the LYNX polypropylene (PP) catalyst technologies that are used in PP processing technologies, including slurry, bulk loop, stirred gas, fluid gas, and stirred bulk.
In addition to catalyst technologies, Grace gains complete rights over BASF patents, trademarks, and production plants in Pasadena, Texas, and Tarragona, Spain.
With the acquisition now complete, around 170 BASF employees have joined Grace.
By acquiring BASF business, Grace has strengthened and enhanced its global polyolefin catalysts manufacturing network.
Grace chairman and chief executive officer Fred Festa said: "We are excited to begin working with our new customers and to add the high-performing LYNX products to our portfolio of polyolefin catalysts.
"We are equally excited to welcome a group of talented employees to Grace. They are an important part of serving our customers and achieving our business strategy in polyolefin catalysts."
Grace is known for its polyolefin catalysts technology, as well as PP process technology.
The acquisition is in-line with Grace's focus on its core catalysts and materials technologies. The company now has a large portfolio of polyolefin catalyst technologies.