Grace acquires waterproofing coatings firm in Australia

Grace acquires waterproofing coatings firm in Australia

4:50 AM, 4th April 2013
Grace acquires waterproofing coatings firm in Australia

COLUMBIA, US: W R Grace & Co 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 is headquartered and conducts R&D and manufacturing operations in Brisbane, Australia.

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.

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

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