COLUMBIA, Md., Jan. 12, 2016 (GLOBE NEWSWIRE) -- W. R. Grace & Co. (NYSE:GRA) today announced that it will host an investor day on Tuesday, Jan. 26, 2016 in New York City at the New York Stock Exchange. Buy-side investors and sell-side analysts are invited to attend in person. As previously announced, Grace plans to separate its Construction Products segment and Darex Packaging Technologies business from the remaining business of Grace to form GCP Applied Technologies Inc. as a new publicly traded company.
The event will include presentations by senior management teams from both Grace and GCP Applied Technologies Inc. from 10:00 a.m. to 3:00 p.m. Eastern Time (ET). Leaders from each company will discuss strategies, performance, and growth opportunities for their respective businesses.
Key speakers for Grace include (approximately 10:00am-12:00pm):
- Fred Festa, Chairman and Chief Executive Officer
- Hudson La Force, Senior Vice President and Chief Financial Officer
Key speakers for GCP Applied Technologies include (approximately 1:00pm-3:00pm):
- Greg Poling, designated President and Chief Executive Officer (currently Grace Chief Operating Officer)
- Dean Freeman, designated Vice President and Chief Financial Officer
Presentation slides and audio from the meeting will be provided through a live webcast via Grace’s investor relations section of the company's website at http://investor.grace.com. Presentation materials from the meeting and the webcast replay will be available online after the meeting.
Due to security at the New York Stock Exchange, a reservation is required for attendance. For questions regarding the event and to register to attend in person, please contact Grace’s Investor Relations at firstname.lastname@example.org or (410) 531-4590. Please register by Friday, Jan. 22, 2016, as space is limited.
Built on talent, technology, and trust, Grace is a leading global supplier of catalysts; engineered and packaging materials; and specialty construction chemicals and building materials. The company’s three industry-leading business segments—Grace Catalysts Technologies, Grace Materials Technologies, and Grace Construction Products—provide innovative products, technologies, and services that improve the products and processes of our customer partners in over 155 countries around the world. Grace employs approximately 6,500 people in over 40 countries. Grace’s 2014 net sales were $3.2 billion. More information about Grace is available at grace.com.
This announcement contains forward-looking statements, that is, information related to future, not past, events. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, expected financial positions; results of operations; cash flows; financing plans; business strategy; operating plans; capital and other expenditures; competitive positions; growth opportunities for existing products; benefits from new technology and cost reduction initiatives, plans and objectives; and markets for securities. For these statements, Grace claims the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Like other businesses, Grace is subject to risks and uncertainties that could cause its actual results to differ materially from its projections or that could cause other forward-looking statements to prove incorrect. Factors that could cause actual results to materially differ from those contained in the forward-looking statements include, without limitation: risks related to foreign operations, especially in emerging regions; the cost and availability of raw materials and energy; the effectiveness of its research and development and growth investments; acquisitions and divestitures of assets and gains and losses from dispositions; developments affecting Grace’s outstanding indebtedness; developments affecting Grace's funded and unfunded pension obligations; its legal and environmental proceedings; uncertainties that may delay or negatively impact the separation transaction or cause the separation transaction to not occur at all; uncertainties related to the company’s ability to realize the anticipated benefits of the spin-off; the inability to establish or maintain certain business relationships and relationships with customers and suppliers or the inability to retain key personnel during the period leading up to and following the separation transaction; costs of compliance with environmental regulation; and those additional factors set forth in Grace's most recent Annual Report on Form 10-K, quarterly report on Form 10-Q and current reports on Form 8-K, which have been filed with the Securities and Exchange Commission and are readily available on the Internet at www.sec.gov. Reported results should not be considered as an indication of future performance. Readers are cautioned not to place undue reliance on Grace's projections and forward-looking statements, which speak only as the date thereof. Grace undertakes no obligation to publicly release any revision to the projections and forward-looking statements contained in this announcement, or to update them to reflect events or circumstances occurring after the date of this announcement.
Source:W. R. Grace & Co.