SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Bankrupt W. R. Grace Completes Noblestar Deal

The target manufactures fluid-catalytic cracking catalysts

W.R. Grace & Co. (NYSE: GRA), which has been in bankruptcy protection since 2001, has completed its purchase of Noblestar Catalysts Co. Ltd.’s assets for an undisclosed amount.

Noblestar, based in Qingdao, China, manufactures fluid-catalytic cracking catalysts, catalyst intermediates and related products used by the petroleum refining industry. The target had sales of about $108 million in 2011.

W.R. Grace operates five manufacturing facilities, three sales offices and two technical services centers in China. The company supplies catalysts, engineered and packaging materials, specialty construction chemicals and building materials.

The deal was announced on May 30

W.R. Grace, which filed for Chapter 11 bankruptcy protection on April 2, 2001, has made multiple acquisitions during the process. The company’s reorganization plan was confirmed on Jan. 31, 2011 but it has yet to exit from bankruptcy protection. It announced in October that it does not plan to exit from bankruptcy this year. 

 

For more information on related topics, visit the following: