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W R Grace & Co has completed the previously announced separation of Grace into two independent, industry-leading companies: W R Grace & Co and GCP Applied Technologies Inc. GCP will begin ‘regular way’ trading on the New York Stock Exchange.
The separation occurred by means of a pro rata distribution to Grace stockholders of all of the outstanding shares of GCP common stock. One share of GCP common stock was distributed for each share of Grace common stock held as at the close of business on January 27, 2016. No fractional shares were distributed.
Moving forward, Grace will continue to own and operate the company’s existing Catalysts Technologies and Materials Technologies operating segments, except for the Darex Packaging Technologies business.
