Add-on Acquisition • Chemicals

Standard Industries Acquires Grace

On April 26, 2021, Standard Industries acquired chemicals company Grace for 7.0B USD

Acquisition Context
  • This is Standard Industries’ 1st transaction in the Chemicals sector.
  • This is Standard Industries’ largest (disclosed) transaction.
  • This is Standard Industries’ 1st transaction in the United States.
  • This is Standard Industries’ 1st transaction in Maryland.

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M&A Deal Summary

Date April 26, 2021
Target Grace
Sector Chemicals
Buyer(s) Standard Industries
Deal Type Add-on Acquisition
Deal Value 7.0B USD
Advisor(s) Goldman Sachs
Moelis & Co. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target Company

Grace

Columbia, Maryland, United States
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.
Entrance to W.R. Grace's corporate headquarters in Columbia, Maryland.
Grace is engaged in the production and sale of specialty chemicals and specialty materials on a global basis through three operating segments: Grace Catalysts Technologies, which includes catalysts and related products and technologies used in refining, petrochemical and other chemical manufacturing applications; Grace Materials Technologies, which includes packaging technologies and engineered materials used in consumer, industrial, and pharmaceutical applications; and Grace Construction Products, which includes specialty construction chemicals and specialty building materials used in commercial, infrastructure and residential construction. Grace was formed in 1854 and is based in Columbia, Maryland.
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Buyer Overview 1

Buyer

Standard Industries

New York, New York, United States

Category Company
Sector Diversified
Employees15,000
DESCRIPTION

Standard Industries is a global industrial company. The Standard ecosystem spans a broad array of holdings, technologies and investments—including both public and private companies from early to late-stage—as well as world-class building materials assets and next-generation solar solutions. Standard Industries is based in New York, New York.


Deal Context for Buyer #
Overall 2 of 2
Sector: Chemicals 1 of 1
Type: Add-on Acquisition 2 of 2
State: Maryland 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-18 BMI Group

Reading, United Kingdom

BMI Group is a supplier of pitched roofing products. The company manufactures and sells a comprehensive range of concrete and clay tiles for pitched roofs, roofing components, and chimney systems, serving the new build and renovation segments for residential and nonresidential markets. BMI Group is based in Reading, United Kingdom.

Buy €1.1B