W. R. Grace’s $416 million Acquisition of 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.

W.R. Grace & Co. supplies specialty chemical, construction, and container products. The Company, led by Alfred E Festa, Hudson La Force and Thomas E Blaser, is 2016 recorded $1.598 Billion Revenues.


The Fried Frank team was led by corporate partner Steven Epstein (Picture) 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.

Involved fees earner: Steven Epstein – Fried Frank Harris Shriver & Jacobson; Caroline Sandberg – Fried Frank Harris Shriver & Jacobson; David McDonald – Fried Frank Harris Shriver & Jacobson; Jonathan Frisby – Fried Frank Harris Shriver & Jacobson; Brett Pedvis – Fried Frank Harris Shriver & Jacobson; Ariane Raymondo – Fried Frank Harris Shriver & Jacobson; Nathaniel Asker – Fried Frank Harris Shriver & Jacobson; Adam Kaminsky – Fried Frank Harris Shriver & Jacobson; Samantha Steinfeld – Fried Frank Harris Shriver & Jacobson; Stephen Juris – Fried Frank Harris Shriver & Jacobson; Brian Remondino – Fried Frank Harris Shriver & Jacobson; Michael Alter – Fried Frank Harris Shriver & Jacobson; Reid Thompson – Fried Frank Harris Shriver & Jacobson; Jessica Mayes – Fried Frank Harris Shriver & Jacobson; Jason Greenberg – Fried Frank Harris Shriver & Jacobson; Marli Sussman – Fried Frank Harris Shriver & Jacobson; Mary Beth Phipps – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: W.R. Grace & Co.;

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Author: Ambrogio Visconti