Grace opens offices in Costa Rica. Grace introduces RV, the first successful vanadium traps for petroleum refining. J. Peter Grace retires as CEO, a position he held for 48 years, making him the longest reigning CEO of a public company. 1993 Grace introduces revolutionary oxygen-scavenging seals for beer bottle crowns worldwide to retain freshness and taste without preservatives. Grace builds its first construction products and container sealants plant in Indonesia.
Grace begins manufacturing packaging materials in Russia.
1995 J. Peter Grace, company chairman, business leader and philanthropist dies at age 82. Grace acquires Cormix Construction Chemicals, expanding market penetration in the United Kingdom, Middle East and Asia Pacific. Grace expands container products operations into Russia. Grace builds its first packaging and silica products plant in Malaysia. Grace expands construction products business into India and Vietnam.