Try digitalPLUS for 10 days for only $0.99


W.R. Grace & Co.
W.R. Grace to split into two companies
W.R. Grace to split into two companies

Columbia-based specialty chemicals giant W.R. Grace & Co. announced Thursday that it would split into two independent companies, one focused on construction products and one focused on other materials and chemicals. Grace officials said the split, in which both companies would be publicly traded, would simplify operating structures and enhance focus. The company expects to complete the split in one year. "The time is right to create two strong, independent companies that will benefit from improved strategic focus, simplified operating structures and more efficient capital allocation," Fred Festa, Grace's chairman and CEO, said in a statement. Word of the decision, which...