GCP Applied Technologies Inc. (NYSE: GCP) President and Chief Executive Officer, Gregory E. Poling, rang the opening bell today on the New York Stock Exchange. The event marks GCP’s official spinoff from W.R. Grace & Co., and its launch as an independent, publicly traded company.
GCP Applied Technologies, a newly formed entity comprised of Specialty Building Materials, Specialty Construction Chemicals, and Darex Packaging Technologies businesses, can better serve its customers with more focus on these industries.
"We will continue to be a leading provider in the segments where we currently operate," Poling said. "As an independent company, we can be more focused on the markets and customers we serve. We believe this will allow us to develop new technologies more quickly, and to strengthen service to our customers."
Headquartered in Cambridge, Mass., GCP has approximately 2,850 employees on six continents, and serves customers in more than 110 countries.
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