W. R. Grace & Co. (GRA) announced that it has closed the sale of two product lines in separate transactions during September 2009. Total cash proceeds from the two transactions was about $27 million.
Grace expects to report a total pre-tax gain from the two transactions of about $22 million in its third quarter ending September 30, 2009.
Grace sold the membranes product line, a component of Grace Davison's Specialty Technologies product group, to a strategic buyer for approximately $22 million.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.