Investments
4Portfolio Exits
2Partners & Customers
10Service Providers
3Latest Grace News
Jul 14, 2022
Includes a new 4,000-gallon multi-use reactor train at the CDMO facility. 07.14.22 W. R. Grace & Co. , a provider of specialty silica and fine chemicals, is proceeding with an expansion of its contract development and manufacturing (CDMO) facility in South Haven, MI. The expansion will bring a new 4,000-gallon multi-use reactor train consisting of glass lined and stainless-steel materials of construction. The expansion will also include a HASTELLOY centrifuge to facilitate product isolation, which enhances the commercial capability of the cGMP-compliant site. The project will bring South Haven up to three 4,000-gallon multi-use reactor trains enabling Grace’s Fine Chemical Manufacturing Services (FCMS) business to support continued growth of its small molecule drug production including custom active pharmaceutical ingredients (APIs), cGMP intermediates and generic APIs. The project is estimated for completion in January 2024. In June 2021, Grace acquired the FCMS business from Albemarle as part of an expansion to support its pharmaceutical portfolio. The acquisition enabled Grace’s Materials Technologies division to triple its fine chemical footprint while leveraging its existing chromatography resins and formulation excipients in the health and life sciences markets. “The growth strategy of our company is aligned to support the success of our customers,” said Bob Patel, CEO, Grace. “Our South Haven expansion demonstrates this commitment and addresses the increased market demand in small molecule drug substance manufacturing that has taken place year over year in the past decade. Anticipating the needs of the market, coupled with our expertise, are key Grace capabilities that work together to enable customer success.” Sandra Wisniewski, president, Grace Materials Technologies, said, “The FCMS business has a promising growth trajectory being a leading CDMO in North America. The additional capacity created through this project will enable our customers to develop critical drug therapies in areas such as oncology, diabetes, cardiovascular and antivirals.” Grace’s FCMS is a leading North American CDMO offering extensive capabilities for the pharmaceutical, nutraceutical and fine chemical industries. Its network of three fully integrated sites offer an industry-leading flexible supply chain through the back integration of its intermediates. Related Content
Grace Investments
4 Investments
Grace has made 4 investments. Their latest investment was in PowderJect as part of their Corporate Minority on June 6, 1997.
Grace Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/1/1997 | Corporate Minority | PowderJect | $7.5M | No | 1 | |
12/9/1996 | Convertible Note | |||||
12/1/1989 | Series B | |||||
8/1/1988 | Series A |
Date | 6/1/1997 | 12/9/1996 | 12/1/1989 | 8/1/1988 |
---|---|---|---|---|
Round | Corporate Minority | Convertible Note | Series B | Series A |
Company | PowderJect | |||
Amount | $7.5M | |||
New? | No | |||
Co-Investors | ||||
Sources | 1 |
Grace Portfolio Exits
2 Portfolio Exits
Grace has 2 portfolio exits. Their latest portfolio exit was PowderJect on June 15, 1997.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/15/1997 | IPO | Public | |||
Date | 6/15/1997 | |
---|---|---|
Exit | IPO | |
Companies | ||
Valuation | ||
Acquirer | Public | |
Sources |
Grace Acquisitions
9 Acquisitions
Grace acquired 9 companies. Their latest acquisition was Albemarle - Fine Chemistry Services Business on February 25, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
2/25/2021 | Acquired Unit | 7 | ||||
2/25/2021 | ||||||
8/26/2019 | ||||||
6/17/2019 | Series E+ | |||||
12/15/2017 |
Date | 2/25/2021 | 2/25/2021 | 8/26/2019 | 6/17/2019 | 12/15/2017 |
---|---|---|---|---|---|
Investment Stage | Series E+ | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired Unit | ||||
Sources | 7 |
Grace Partners & Customers
10 Partners and customers
Grace has 10 strategic partners and customers. Grace recently partnered with Oriental Energy on December 12, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/14/2021 | Client | China | W. R. Grace & Co. contracts to license its Unipol PP Process Technology to Oriental Energy New Material Co. , Ltd. for an expansion at its facility in Ningbo , China . | 3 | |
12/7/2021 | Client | Singapore | 1 | ||
8/18/2021 | Licensee | India | Grace Licenses UNIPOL® PP Process Technology To GAIL (India) Ltd. Mr. Shri M. V. Iyer , Director of Business Development , said , `` We are excited to partner with Grace and their UNIPOL ® PP Process Technology at our existing gas cracker complex in Pata , India . | 1 | |
8/18/2021 | Licensee | ||||
5/19/2021 | Client |
Date | 12/14/2021 | 12/7/2021 | 8/18/2021 | 8/18/2021 | 5/19/2021 |
---|---|---|---|---|---|
Type | Client | Client | Licensee | Licensee | Client |
Business Partner | |||||
Country | China | Singapore | India | ||
News Snippet | W. R. Grace & Co. contracts to license its Unipol PP Process Technology to Oriental Energy New Material Co. , Ltd. for an expansion at its facility in Ningbo , China . | Grace Licenses UNIPOL® PP Process Technology To GAIL (India) Ltd. Mr. Shri M. V. Iyer , Director of Business Development , said , `` We are excited to partner with Grace and their UNIPOL ® PP Process Technology at our existing gas cracker complex in Pata , India . | |||
Sources | 3 | 1 | 1 |
Grace Service Providers
3 Service Providers
Grace has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Acquired Unit | Counsel | General Counsel | |
Service Provider | |||
---|---|---|---|
Associated Rounds | Acquired Unit | ||
Provider Type | Counsel | ||
Service Type | General Counsel |
Partnership data by VentureSource
Grace Team
7 Team Members
Grace has 7 team members, including current Chief Executive Officer, President, Fred Festa.
Name | Work History | Title | Status |
---|---|---|---|
Will Dayble | Monash University, Australian Information Industry Association, and RMIT University | Founder | Current |
Fred Festa | Chief Executive Officer, President | Current | |
Mark T Becker | Chief Financial Officer | Former | |
Dilshad Ahmed | Controller | Former | |
Douglas Hughes | Optim, and Precision Castparts | Controller | Former |
Name | Will Dayble | Fred Festa | Mark T Becker | Dilshad Ahmed | Douglas Hughes |
---|---|---|---|---|---|
Work History | Monash University, Australian Information Industry Association, and RMIT University | Optim, and Precision Castparts | |||
Title | Founder | Chief Executive Officer, President | Chief Financial Officer | Controller | Controller |
Status | Current | Current | Former | Former | Former |
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