(COLUMBIA, Maryland) — W. R. Grace & Co. (NYSE: GRA) announced today that it has acquired Rheoset Industria e Comercio de Aditivos Ltda. (“Rheoset”). Rheoset is a leading manufacturer of concrete admixtures in Brazil. Financial terms of the transaction were not disclosed.
Rheoset specializes in quality concrete admixtures based on proprietary, value-added concrete technologies that enhance the performance of concrete and contribute to higher quality, longer lasting structures. These technologies help customers across the value chain achieve efficient production and enhanced productivity. This acquisition adds manufacturing capacity at Rio de Janeiro and Recife, complementing Grace’s existing operations at Sorocaba and Bahia.
“Rheoset’s product lines are highly complementary to Grace’s concrete admixture product and technology portfolio,” said Craig Merrill, Vice President and General Manager, Americas for Grace Construction Products, a business segment of Grace. “The acquisition will accelerate the pace of product and technology development, enabling the more rapid creation of new customer solutions and new value in this segment.”
Andrew Bonham, President of Grace Construction Products adds, “This acquisition is part of Grace’s strategy of growth in high margin segments, investing in manufacturing capacity to serve emerging regions, and extending the Grace brand in our core business segments.”
Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The company’s three industry-leading business segments-Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products-provide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,000 people in over 40 countries and had 2011 net sales of $3.2 billion. More information about Grace is available at http://www.grace.com.
About Grace Construction Products
Grace Construction Products is a world-leading provider of construction chemicals and building materials that are used to enhance the durability, strength, and appearance of structures all over the world. Products include concrete admixtures, fibers, surface treatments and liquid pigments, additives for cement processing and fire protection, waterproofing and masonry products. More information is available online at http://www.grace.com.