Terms were not disclosed. This acquisition will give Davison Silica Products access to a third major silicas segment.
Grace has a strong position in the silica gel and colloidal silica segments.
This acquisition is an excellent complement to our existing silica materials technology. We plan to leverage our silica materials science expertise and global infrastructure to broaden our portfolio of products for the customers we already serve, access new markets, and strengthen our position as a leading silica supplier. Davison Silica Products currently manufactures silica gel and colloidal silica for the paper, paint, personal care, plastics, refractory, and precision investment casting industries. Aluminum silicates are used as specialty additives in paint and paper coatings and reinforcing agents in rubber compounds. About Grace Grace is a leading global supplier of catalysts and silica products, specialty construction chemicals and building materials, and container products.