Synthetech, Inc. (NZYM.OB) Price Tag worth W. R. Grace & Co.’s (GRA) Expectations for Future
W. R. Grace & Co. (NYSE: GRA), a leading global supplier of catalysts and other products for petroleum refiners, today announced it will purchase Synthetech Inc., manufacturer of fine chemicals specializing in organic synthesis, biocatalysis and chiral technologies. The acquisition is expected to equip Grace with the needed capacity to manufacture specialty single-site and polypropylene catalysts used to produce plastics. "Synthetech gives us immediate production capacity for specialty single-site and polypropylene catalysts, which significantly enhances our ability to supply our large global customers with these specialized catalysts. The acquisition eliminates the need for investing in a grass-roots facility,” Greg Poling,…