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Grace acquisition of waterproof material enterprises in China
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Grace recently acquired the U.S. company in Wuhan, China New Building Materials, Murray believed the limited liability company business and assets, which is a manufacturer of waterproofing products, specific financial details were not disclosed. Murray produced the letter are mainly custom waterproof membrane, waterproof materials, and composites. The acquisition will help the Grace extend water production capacity, as well as gaining distribution network in China to meet China and other rapidly growing demand in emerging markets. Murray believed the business will be integrated into Grace's specialty building products, construction materials sector companies.
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