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W.R. Grace CEO to employees on company’s pending acquisition: ‘It is business as usual’

April 28, 2021

CEO Hudson La Force encouraged W.R. Grace & Co. employees to “remain focused on our day-to-day responsibilities” after the company said Monday it has agreed to an acquisition by Standard Industries Holdings Inc. The $7 billion deal will cause Columbia-based W.R. Grace (NYSE: GRA) to become privately held, marking yet another loss of a public company headquarters for Greater Baltimore. For employees of the company, the deal raises questions about their future. Will there be layoffs? What will happen to their benefits?

Article Source: Baltimore Business Journal

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