Grace Announces Pricing increase of up to 20%

Grace Davison, an operating segment of W. R. Grace & Co. GRA, has announced that effective April 1, 2011, it is implementing price increases of up to 20% across its Darex packaging business within the Materials Technologies product line. The products include can sealants, can coatings and closure compounds. This move is in response to significant raw material cost increases. Surging petrochemical olefins demand and tightening supply are causing increased costs for key raw materials used in many Grace products, including: latexes, rubbers, resin, pigments, and hydrocarbon solvents. This pricing action is in addition to specific product price increases already implemented in 2011.