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W. R. Grace formed a new entity, GCP Applied Technologies for its construction chemicals business

United States: W.R. Grace & Co., Maryland based company announced to form a separate entity GCP Applied Technologies for its construction chemicals business. The spin-off is expected to be completed by 3rd February 2016. The GCP Applied Technologies would deal with the specialty construction chemicals, building materials, packaging and sealants and coatings businesses for W.R. Grace.

The trading of GCP Applied Technologies shares is expected to begin from 26th January 2016 after prior approval, however regular trading is expected to begin from 4th February 2016. The shares of the GCP Applied Technologies will be traded on New York Stock exchange under the symbol GCP. The shareholders of W.R. Grace would be receiving shares of GCP Applied Technologies common stock for every share of Grace common stock at the closure of the business which is expected to take place on 27th January 2016.

TechSci Research depicts that formation of new entity would further help W.R. Grace to streamline their market strategies, market position and investments.

According to the recently published reports by TechSci Research on China Construction Chemicals Market Forecast & Opportunities, 2020, Asia Pacific is the fastest growing region in the construction chemicals market. Wherein, China dominates the market in the region due to increasing construction activities coupled with rising awareness apropos benefits of construction chemicals, urbanization, increasing residential and commercial setups.

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