International catalyst giant Grace Company announced on April 3 that it has completed the acquisition of Albemarle's polyolefin catalyst business.
This $416 million deal includes production facilities in Baton Rouge, Louisiana, and Lishui, South Korea, as well as R&D and pilot plant capabilities and intellectual property.
The business of this acquisition is mainly to develop and manufacture proprietary and customized single-site catalysts and metallocene catalysts and activators for the production of plastic resins. The transaction also includes a series of Ziegler-Nattas for polyethylene production. catalyst.
Previously, Grace acquired BASF's polyolefin catalyst business in July 2016.