Mar 18 2008
W. R. Grace and Co. today announced the completion of a strategic investment in CERATECH, Inc., a Maryland-based firm that has developed green, sustainable concrete admixture technologies for formulating high strength, fast setting concrete primarily using fly ash, a waste stream product from coal fired power plants. CERATECH technology uniquely enables the production of environmentally friendly, high performance concrete. Under terms of the investment, Grace also has exclusive rights to market CERATECH products and technology in the manufactured concrete market.
Grace currently manufactures a wide range of products for commercial and residential construction markets, including concrete admixtures, cement additives, roofing underlayments, fire protection products, air barrier systems, and below grade structural waterproofing systems. Collectively, these products help make homes and buildings stronger, safer and more comfortable. CERATECH’s green, sustainable concrete admixture technology was first commercialized in 2001 in an effort to utilize waste stream fly ash to make high performance concrete repair materials.
“Our investment in this new technology is the latest step in expanding our portfolio of green materials for the construction industry,” said Andrew Bonham, President, Grace Construction Products. “We expect CERATECH technology combined with Grace’s extensive technical expertise and strong customer relationships in the cement and concrete industry will accelerate growth for both companies.”