Specialty chemicals giant W.R. Grace's stock has tanked this month, dropping more than 20 percent since the end of 2015, in advance of its split into two separate, publicly traded companies later this week.
A regulation tucked into the miscellaneous provisions section of a 2010 law intended to reform Wall Street has companies in Maryland and elsewhere in the nation scrambling to determine whether their products are fueling conflict in Africa.
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.
A plot of undeveloped land next to the village of River Hill in Clarksville will become a neighborhood of single family homes and townhouses with a special focus on amenities for the entire community, including bike paths and hiking trails in the woods nearby.
W.R. Grace & Co., an international chemicals, technology and materials company that reported $3.1 billion in sales last year, opened its new global headquarters in Columbia this week, a move company officials say is part of $100 million investment made by the company into its Columbia and Baltimore facilities over the past three years.
W.R. Grace said Wednesday that profit in the first three months of the year dropped 15 percent, compared with a year earlier, as the bitterly cold winter forced temporary closures at its Baltimore plant and suppressed construction product sales.
Columbia's W.R. Grace & Co. said Thursday that it will give CEO Fred E. Festa a $1.5 million cash payment, part of a package of "emergence" bonuses in the wake of its exit from a nearly 13-year-long bankruptcy case.
Neighboring residents of a planned development that would build 204 single-family homes on 67 acres of undeveloped land in west Columbia are requesting that the developer reduce the density of the property.
After nearly 13 years in bankruptcy, the Columbia-based chemical maker W.R. Grace & Co. formally emerged from court protection Monday, bringing to an end one of the longest Chapter 11 cases in U.S. history.