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Grace Acquires Chemind Construction Products

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Grace Acquires Waterproofing Technology and Capacity in Australia

Columbia, MD - April 3, 2013 -- W. R. Grace & Co. (NYSE: GRA) announced the acquisition of Chemind Construction Products, a privately-held specialty manufacturer and distributor of waterproofing coatings technologies and materials for the design and construction industry.

Chemind (pronounced kem'-eened) is headquartered and conducts R&D and manufacturing operations in Brisbane, Australia. Terms were not disclosed.

The acquisition will become part of Grace Construction Products (GCP), a leading global provider of construction chemicals and building materials that enhance the durability, strength and appearance of structures all over the world. In 2012, GCP posted sales of $1.0 billion.

Chemind adds new waterproofing technology to Grace's global Construction Products portfolio and establishes the company's first waterproofing R&D and manufacturing facility in Australia. The new site will produce waterproofing materials for repair, maintenance and improvement markets as well as for new construction.

Chemind formulates and manufactures specialty, high performance waterproof coatings that protect and preserve as well as improve the integrity, performance, and life of commercial, residential, and civil structures. Chemind also distributes a broad range of waterproofing coatings and materials, including Grace's own waterproofing solutions, throughout Australia.

"Chemind's products are highly complementary to Grace's waterproofing product and technology portfolio," said Adam Grose, Vice President and General Manager, Asia, Grace Construction Products. "This acquisition is consistent with our strategy to expand our waterproofing business globally."

About Grace

Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials. The company's three industry-leading business segments-Grace Catalysts Technologies, Grace Materials Technologies and Grace Construction Products-provide innovative products, technologies and services that enhance the quality of life. Grace employs approximately 6,300 people in over 40 countries and had 2012 net sales of $3.16 billion. More information about Grace is available at www.grace.com.

About Grace Construction Products

Grace Construction Products is a world-leading provider of construction chemicals and building materials that are used to enhance the durability, strength, and appearance of structures all over the world. Products include concrete admixtures, fibers, surface treatments and liquid pigments, additives for cement processing and fire protection, waterproofing and masonry products. More information is available online at http://www.grace.com.

About Chemind

Chemind commenced business as Chemical Industries,in 1976 to service the need for specialized and sophisticated waterproofing and coatings systems being demanded by contractors and consultants for the construction industry. Our Chemind Construction Products division continues to meet the needs of the construction industry throughout Australia and the Asia-Pacific region.



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