Standard Industries, a privately held global industrial company, completed the acquisition of W. R. Grace & Co, a global specialty chemical company, for $7bn. "We are confident that our agreement with Standard Industries Holdings is the best path forward for Grace and our shareholders. Standard’s $7bn investment in Grace reflects their confidence in the significant growth opportunities we have and enables our shareholders to realize immediate value at a significant cash premium. This announcement is a testament to the strengths of our talented employees, industry-leading technologies, and deep global customer relationships," Hudson La Force, Grace President and CEO.