W. R. Grace on Wednesday announced the acquisition of
Chemind Construction Products, a privately-held specialty
manufacturer and distributor of waterproofing coatings
technologies and materials for the design and construction
Chemind is headquartered and conducts research and development
(R&D) and manufacturing operations in Brisbane,
Financial terms were not disclosed.
The acquisition will become part of Grace Construction
Products (GCP), a leading global provider of construction chemicals and building
materials that enhance the durability, strength and appearance
of structures all over the world.
In 2012, GCP posted sales of $1.0 billion.
Chemind adds new waterproofing technology to Graces global construction products portfolio and
establishes the companys first waterproofing R&D and
manufacturing facility in Australia.
The new site will produce waterproofing materials for repair,
maintenance and improvement markets
as well as for new construction.
Chemind formulates and manufactures specialty, high
performance waterproof coatings that protect and preserve as
well as improve the integrity, performance, and life of
commercial, residential, and civil structures. Chemind also
distributes a broad range of waterproofing coatings and
materials, including Graces own waterproofing solutions,
Cheminds products are highly complementary to
Graces waterproofing product and technology portfolio, said
Adam Grose, vice president and general manager of Asia
business for Grace Construction Products. This
acquisition is consistent with our strategy to expand our
waterproofing business globally.