W. R. Grace & Co. announced that it has entered into a definitive agreement to acquire the Fine Chemistry Services business (FCS) of Albemarle Corp. for approximately $570 million. The transaction included $300 million paid in cash at closing and $270 million funded through the issuance to Albemarle of non-participating preferred equity of a newly … Read more
Albemarle Corporation announced its results for the fourth quarter and full year 2019. The company’s net sales in fourth quarter increased 8% to $993 million with an adjusted EBITDA of $295 million increasing 12%. Its full year net sales increased 6% to $3.6 billion with an adjusted EBITDA of $1.04 billion increasing 3%. Net sales … Read more
American specialty chemicals company Albemarle formally announced start of construction work on its new lithium hydroxide processing plant in Kemberton, Australia at an event last Thursday. The company will build the plant with a total investment of AUD$1 billion ($ 708.2 million). The Kemberton site will be Australia’s largest lithium processing facility when it becomes … Read more