W. R. Grace to Acquire Polyolefin Catalysts Business


Fried Frank acted as counsel to W.R. Grace & Co. (NYSE: GRA), a leading global supplier of catalysts and engineered materials, in its agreement to acquire the Polyolefin Catalysts business of Albemarle Corporation (NYSE: ALB) for US$416 million. The acquisition also includes a comprehensive series of highly optimized Ziegler-Natta catalysts for polyethylene production. The Polyolefin Catalysts business of Albemarle Corporation is a global leader in proprietary and custom-manufactured single-site catalysts as well as metallocenes and activators. The acquisition significantly strengthens W. R. Grace's catalysts technology portfolio, commercial relationships, and manufacturing network. The transaction is expected to close in the first quarter of 2018, subject to regulatory approvals and other customary closing conditions.

The Fried Frank team was led by corporate partner Steven Epstein and included corporate partner Caroline Sandberg; antitrust partner Nathaniel L. Asker; executive compensation & ERISA partner Adam Kaminsky; litigation partner Stephen M. Juris; tax partner Michael J. Alter; corporate special counsel David M. McDonald; corporate real estate special counsel Jessica H. Mayes; intellectual property and technology special counsel Jason L. Greenberg; corporate associates Jonathan D. Frisby, Brett C. Pedvis, and Ariane Raymondo; environmental associate Mary Beth Phipps; executive compensation & ERISA associate Samantha J. Steinfeld; intellectual property and technology associate Marli Sussman; litigation associate Brian G. Remondino; and tax associate W. Reid Thompson.