W.R. Grace, an American chemical business based in Columbia, Maryland, agreed to acquire the fine chemistry services business of Albemarle, a global specialty chemicals company, for $570m. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions, including receipt of certain regulatory approvals. "This transaction reflects our ongoing commitment to actively and continuously refine our portfolio as we focus Albemarle on its core, growth-oriented business segments. Fine Chemistry Services is a profitable business, and we have confidence that Grace is positioned to help it thrive. I want to thank the strong operating team for their excellent performance and professionalism throughout the process," Kent Masters, Albemarle CEO.