Grace Acquires Wuhan Meilixin New Building Materials Co

W. R. Grace & Co. GRA today announced the purchase of the business and assets of Wuhan Meilixin New Building Materials Co., Ltd., a manufacturer of waterproofing products located in China. The financial terms of the transaction were not disclosed. Meilixin has manufacturing facilities for the production of customizable, fit-for-use waterproofing membranes, materials and compounds, as well as administrative offices and warehousing operations in Wuhan, the modern capital of the Hubei province located in Central China. There are around 50 employees at the facilities.