Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today the successful completion of the previously announced sale of its polyolefin catalysts and components business to W. R. Grace & Co. (NYSE: GRA) in a cash transaction valued at approximately $416 million. The proceeds are subject to typical post-closing adjustments. The organometallics and curatives portions of the Performance Catalysts Solutions business remain with Albemarle.
"We are pleased this transaction completed as expected," said
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Discovering and implementing new and better performance-based sustainable solutions is what motivates all of us. We think beyond business-as-usual to drive innovations that create lasting value. Albemarle employs approximately 5,400 people and serves customers in approximately 100 countries. We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations,
Forward-Looking Statements
Some of the information presented in this press release, including, without limitation, statements with respect to plans or objectives concerning our global businesses, and all other information relating to matters that are not historical facts may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There can be no assurance that actual results will not differ materially. Factors that could cause actual results to differ materially include, without limitation, adverse changes in the industries in which we operate and the other factors detailed from time to time in the reports Albemarle files with the
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Media Contact: Susan Richardson, (980) 299-5672, [email protected]; Investor Relations Contact: Eric W. Norris, (980) 299-5518, [email protected]