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(ICIS) -- US-based catalyst producer WR
Grace's recent loss in the bidding for a business drew no immediate comments
from other possible buyers on Wednesday. Earlier this year, WR Grace was in
talks to make what it called a strategic acquisition, one that would
significantly improve the company's business plan and growth strategy in the
upcoming years, according to court documents. WR Grace did not elaborate on
other details of the possible deal, including whether its catalyst or
building-materials division would acquire the business.
On 29 July, WR Grace learned that it was not the successful bidder in the
auction. As company policy, WR Grace does not comment on acquisitions. If the
auction was for a catalyst business, possible bidders could include Albemarle,
BASF, INEOS and LyondellBasell, all of which produce catalysts.
Albemarle would not comment on the auction. BASF and LyondellBasell did
not immediately respond to requests for comment. A spokesman for INEOS's North
American business was unaware of any acquisitions by the company. As far as the
seller, it could be Dow Chemical. Earlier this year, sources in the financial
community said Dow was trying to sell its licensing and catalyst business.
mrcplast.com
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