Grace acquires Venezeulan can coatings and sealants maker.(Brief Article)

W.R. Grace says it has acquired certain assets of Midland Dexter Venezuela (Midevensa; Caracas), a manufacturer of coatings and sealants for rigid packaging, for an undisclosed sum. The deal includes a manufacturing plant near Caracas, says Robert M. Tarola, Grace CFO. Midevensa serves the Latin America market, and expands Grace's product line in the region, Tarola says. Midevensa will be merged into Grace's Datex (Chicago) coatings and sealants business, part of its performance products unit.

The acquisition provides Grace with products and technologies that complement Darex's existing coating and sealant product line, says Fred Festa, Grace's president and COO. …