Grace acquires Addiment
W.R. Grace & Co. has acquired the business and assets of Addiment Inc., headquartered in Doraville, Ga. Addiment is a leading supplier of specialty chemicals to the concrete paver and masonry industries in the U.S. and Canada. Terms of the transaction were not disclosed.
Addiment is a wholly owned subsidiary of Lehigh Cement Co., which is part of the HeidelbergCement Group. Addiment is a leading supplier of admixtures, cleaners and sealers for the concrete paver and masonry industries. The acquisition strengthens Grace's product offerings to the manufactured concrete market and enhances its presence in the paver industry. Addiment will be integrated into the Grace Construction Products' business, a unit of Grace Performance Chemicals.
'This investment underscores our commitment to grow our business to better serve our customers. Addiment's strong position in the manufactured concrete sector provides us with a platform to accelerate our growth, consistent with our strategy for this segment,' said Paul J. Norris, Grace chairman, president and chief executive officer. 'We are committed to growing Grace through internal development and by doing acquisitions like this one where we can create economic value for all of our stakeholders.'
'Grace, like Addiment, is dedicated to providing the industry with quality products and the highest level of customer service. These strong similarities in philosophy are key reasons why Grace and Addiment will so effectively complement one another,' said Robert J. Bettacchi, President, Grace Performance Chemicals. 'The Addiment name and its products have strong brand recognition throughout the industry. Combining Addiment's products with our strong masonry product portfolio will position Grace as a leader in the fast growing paver segment.'
The Grace Construction Products Web site is at https://grace.com/Construction/Pages/LocationLanguage.aspx.