Speciality chemicals and materials supplier W. R. Grace & Co (NYSE: GRA | PowerRating) reported on Monday that it has completed the acquisition of the business and assets of Wuhan Meilixin New Building Materials Co Ltd (Meilixin) for an undisclosed sum.
Meilixin is a manufacturer of waterproofing products in China. The company has manufacturing facilities for the production of customisable, fit-for-use waterproofing membranes, materials and compounds, as well as administrative offices and warehousing operations in Wuhan, Hubei province. Its products include multilayer macromolecule compound membranes, self-adhesive rubber membranes, cementitious capillary crystalline waterproofing materials and macromolecule compound coatings.
The Meilixin business will be integrated into Grace Construction Products’ Specialty Building Materials product group and will operate through Grace’s Chinese subsidiary, Grace China Ltd.