Grace Reveals K Plan Co. Stock Sale

April 12, 2004 ( - The investment manager and independent fiduciary for the company stock fund in W.R. Grace & Co.'s 401(k) plan has sold "substantially all" of the plan's Grace shares to a single buyer.

According to a Grace news release, the word about the stock sale at $3.50 per share came from State Street Bank and Trust Company. Neither the number of shares involved or the identity of the buyer were disclosed in the announcement.

Grace is a global supplier of catalyst and silica products, specialty construction chemicals, building materials, and sealants and coatings. With annual sales of approximately $2 billion, Grace has more than 6,000 employees and operations in nearly 40 countries.

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