CASE STUDY: W.R. GRACE & CO.
Case Study: Beijer Ref
W.R. Grace & Co. Divest its Specialty Vermiculite Business
TARGET
W.R. Grace's Specialty Vermiculite Business
INDUSTRIES
Specialty Chemicals
TRANSACTION TYPE
Corporate Divestiture
GEOGRAPHY
South Carolina, USA; Canada
SITUATION
Seale & Associates acted as financial advisor to W.R. Grace & Co. (NYSE:GRA) on the sale of its specialty vermiculite business to Vermiculite Acquisition Corp., a sister company of Specialty Vermiculite Corporation.
W.R. Grace’s specialty vermiculite business is a leading producer of branded high-performance vermiculite products with annual production of approximately 50,000 tons.
OUTCOME
Seale’s professionals ran a competitive auction process, managing multiple strategic buyers from around the world and select private equity buyers with industry experience.
Seale also coordinated diligence across multiple locations in the U.S. and Canada while complying with the requirements of the trustees and the court managing the W.R. Grace bankruptcy process.
The process resulted in a sale to a strategic buyer with significant synergies at a premium price and at favorable terms to W.R. Grace. This transaction was significant to W.R. Grace as it was the last business associated with W.R. Grace’s asbestos claims.
"Seale is one of our preferred investment banks because of their commitment to client service. They take the time to understand each of our business units and the dynamics of our unique specialty chemical and performance material segments in a way that other banks simply don’t.We trust Seale because they consistently offer creative and valuable advice, and we know that the culture of the firm is built on integrity."
Jeremy Rohen
Vice President of Corporate Development, W.R. Grace & Co.
Are you exploring the sale of your company or divesting a non-core business from your portfolio?
Seale & Associates offers trusted advisory services for both private business owners and multinational corporations. Contact us today to learn how we can guide you through the complexities of a sale process and help you to evaluate the full range of strategic alternatives for your business.