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?
W.R. Grace CEO to employees on company’s pending acquisition: ‘It is business as usual’
April 28, 2021