W.R. Grace Unit Mulls Sale Of Washcoat Business

Products used in manufacture of emissions control catalysts.

Grace Davison, an operating segment of W. R. Grace & Co., said Wednesday it is reviewing strategic alternatives for its washcoat product line, based in Cincinnati, Ohio.

Washcoat products are used primarily in the manufacture of automotive emissions control catalysts, a key component of catalytic converters for combustion engines. The washcoat product line constitutes less than 5 percent of Grace Davison’s annual sales.

“We are assessing how these products fit into our long-term growth strategy,” said Greg Poling, President, Grace Davison. “Though our washcoat products enjoy a strong business position, with valuable technology, they are not part of our core product portfolio. We are focused on determining the best option for the products, customers and employees of this business.”

Grace has identified a target of the first quarter of 2007 to complete this review.

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