W.R. Grace & Co. (NYSE: GRA) is buying the remaining 50 percent interest in a joint venture called Grace Yapi Kimyasallan.
Grace formed the JV in 1996 with STFA Yatirim Holding AS, a Turkish conglomerate that provides construction, natural gas distribution, construction equipment and chemicals. Under the terms of the deal. STFA is selling its 50 percent stake to Construction Products Dubai, a subsidiary of Grace. Terms of the transaction were not disclosed.