Press Release W. R. Grace & Co. Specialty Vermiculite Business
COLUMBIA, MARYLAND - Seale & Associates, Inc. announced that it acted as exclusive financial advisor to W. R. Grace & Co. ("Grace") on the sale of its specialty vermiculite business to Vermiculite Acquisition Corp., a sister company of Specialty Vermiculite Corp. Specific terms of the transaction were not disclosed.
The Specialty Vermiculite Business, headquartered in Enoree, South Carolina, is a leading producer of branded high-performance vermiculite products in North America with annual production of approximately 50,000 tons. Vermiculite is a natural occurring mineral used in a broad range of applications, such as spray-on fire protection, lightweight insulating concrete, various soil mixes and amendments, and animal feeds. The Business is vertically integrated, operating six processing facilities capable of producing both expanded vermiculite and perlite. The Specialty Vermiculite Business sells to customers around the world.
W. R. Grace & Co. (NYSE:GRA), with revenues of US$2.7 billion in 2010, is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, and specialty chemicals, additives and building materials for commercial and residential construction. Founded in 1854, Grace has operations in over 40 countries.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients' most complex dealings.