Document nmENk4ZVNOaygwYQogJRKBb6m

FILE NAME: WR Grace (WRG) DATE: February 27 1989 DOC#: WRG003 DOCUMENT DESCRIPTION: 1989 Corporate History of WR Grace from 1922-1986. 1922 1930 1934 1935 1936 1939 1945 1953 1954 1958 1959 HJWH 2/27/89 CORPORATE HISTORY OF W.R. GRACE Zonolite Co. formed (E.N. Alley is President) Dewey & Almv Chemical Co. purchased majority of outstanding stock of Multibestos (1^ Multibestos (II sold all assets (except land in Walpole, Mass.) to Dewey & Almv Chemical Co. Changed its name to Walpole Factory Inc.. and permitted Dewev & Almv Chemical Co. to set up new co. called Multibestos (II) Walpole Factory Inc, transferred land assets to Raybestos Manhattan and liquidated. Dewev & Almv Chemical Co. sold assets (except some machinery) of Multibestos (I) to Raybestos Manhattan & transferred Multibestos trade name to Raybestos Manhattan. Dewev & Almv Chemical Co. changed name of subsidiary to Multibestos (II) to the Dewev & Almv Chemical Co. Mr. Kearney is President of Zonolite C o . Sun Chemical Co. acquired A. C. Horn Co. (founded in 1897). J. B. Myers became President of Zonolite Co. WRG acquired Davison Chemical Co.. (Baltimore, Maryland). Services Products Corp. formed. WRG merged with Dewev & Almv Chemical Co. ; WRG acquired Dewev & Almv Chemical Co. J. A. Kelley became President of Zonolite C o . . DEWEY & ALMY DIVISION (of WRG?) acquired Endura Corp. and Vellumoid Co. from Phillip Beale Trust. (Endura became part of WRG's P0LYFIBR0N DIVISION) 1962 1963 1964 1964 or 1965 1965 1965 1966 1967 1969 Early 1970s 1971 WRG acquired assets of A. C. Horn Co. from Sun Chemical WRG acquired Zonolite Co. ; Zonolite Co. became WRG's ZONOLITE DIVISION; J. A. Kelley became General Manager of the ZONOLITE DIVISION; WRG acquired Superior Asbestos C o . ; WRG is majority shareholder in Texas Vermiculite C o . ; WRG is minority shareholder in Western Mineral Products C o . ; WRG is minority shareholder in California Zonolite C o . : WRG is minority shareholder in AriZonolite C o . ; WRG is minority shareholder in Tennessee Zonolite C o . ; WRG is minority shareholder in Vermiculite-Northwest. Inc. WRG acquired Servicised Products Corp. Superior Asbestos Co. (subsidiary of WRG) dissolved WRG acquired Dearborn Chemical Co. (Lake Zurich, 111.); became part of the SPECIALTY PRODUCTS DIVISION of WRG. WRG sold Vellumoid C o . to Federal Mogul Co. Merger of WRG and Western Mineral Products; WRG acquired remaining stock of California Zonolite Co. ; WRG acquired remaining stock of VermiculiteNorthwest. I n c . ; WRG acquired additional 1/3 interest in Ari-Zonolite Co. ; Robert Sterret became General Manager of ZONOLITE DIVISION WRG acquired remaining stock of Tennessee Zonolite CO. ; WRG formed CONSTRUCTION PRODUCTS DIVISION; Rodney Vining became President of CONSTRUCTION PRODUCTS DIVISION ZONOLITE DIVISION became part of CONSTRUCTION PRODUCTS DIVISION; Sterret no longer General Manager of ZONOLITE DIVISION WRG's SPECIALTY PRODUCTS DIVISION incorporated as Chemed Corp. WRG acquired Mr. Gasket. Inc. (Cleveland, OH) - 2- 1974 Mid 1970s 1975 1977 1978 1978 1981 1982 1986 WRG acauired remainina stock of Ari-Zonolite Co. California Zonolite Co. . Ari-Zonolite Co. . Tennessee Zonolite Co.. and Vermiculite-Northwest. Inc. dissolved. WRG acauired remainina stock of Tennessee Zonolite Co.; Tennessee Zonolite Co. dissolved WRG sold Marko Chemicals (Dart of Hatco GrouD) to U.S. Steel Chemicals C o m . WRG sold A. C. Horn Co. and Servicised Products C o m . to Rockwood Industries WRG acauired Emerson & Cumina. Inc. (Canton. M a s s ) ; WRG acauired TEC Systems, oart of POLYFIBRON DIVISION WRG sold Mr. Gasket. Inc. WRG sold Chemed and Dearborn (formerly of WRG's SPECIALTY PRODUCTS DIVISION) was spun off and transferred to WRG's INDUSTRIAL CHEMICALS DIVISION; WRG acauired Amicon. Inc., now a subsidiary of WRG (Danvers, Mass) Robert C. Walsh became President of CONSTRUCTION PRODUCTS DIVISION (to present) Source: Motes: WRG's Answers to Interrogatories provided in State of Maryland v. Keene Coro, et al. Companies are underlined; internal divisions of WRG are in all caps. HJWH\61030\8002 07470240.DOC - 3-