# Grace completes acquisition of Albemarle's Fine Chemistry Services for $570M

W. R. Grace completed its acquisition of the Fine Chemistry Services business of Albemarle Corporation for approximately $570 million, including $300 million cash and $270 million in preferred equity.

- Type: Acquisition
- Announced: 2021-06-01
- Where: United States
- Value: $570.0M
- Status: completed
- Products: pharmaceutical intermediates, active pharmaceutical ingredients, chromatographic resins, formulation excipients, drug delivery
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Albemarle](https://endata.com/companies/10514.md) (target)
- [W.R. Grace](https://endata.com/companies/22330.md) (acquirer)

## Sources

- [rss.globenewswire.com](https://rss.globenewswire.com/news-release/2021/06/01/2239596/0/en/grace-completes-acquisition-of-fine-chemistry-business.html), 2021-06-01: "This investment represents an important step forward in Grace's growth strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.