Columbia-based W.R. Grace & Co. reports on finances

Daily Record, The (Baltimore), Mar 7, 2008

W.R. Grace & Co., of Columbia, a specialty chemical manufacturer, reported $6.5 million in net income for itself and affiliates in Chapter 11 reorganization for the month of January. Combined sales to third parties were $79.5 million in the month. The sales figure rose to $127 million when revenue from non-filed affiliates is included.

Grace began a trial in January in bankruptcy court in Pittsburgh designed to put a value on asbestos claims. Grace and 61 subsidiaries filed Chapter 11 petitions in April 2001 to deal with asbestos liability.