US firm has eye on acquisition
GRACE Construction Products, a leading US construction and building materials maker, said it plans to complete at least one acquisition this year in China.
Jeremy Gray, Grace’s vice president for Asia Pacific, said in an interview that the company also plans to build one or two plants in 2007 in China’s underdeveloped western region to capture potential growth there. It now has four manufacturing sites in the country.
The company is a business unit of New York-listed W.R. Grace & Co.