Grace Creates Hurricane Rita Relief Fund
COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 25, 2005--W. R. Grace & Co.
(NYSE:GRA) has established a foundation to assist Grace employees
affected by Hurricane Rita ("Rita Relief Fund").
Approximately 345 Grace employees live in Louisiana, where the
company operates a manufacturing facility in Lake Charles that is the
world's largest producer of fluid cracking catalysts, a chemical used
to process petroleum.
"We are grateful that all of our employees and their immediate
families are healthy and safe following Hurricane Rita," said Fred
Festa, President and CEO. "Unfortunately, a number of them returned to
homes that were completely destroyed or significantly damaged. We
created the Rita Relief Fund to help them rebuild their homes and
purchase the items that they lost in the storm."
Grace is opening the fund with a $100,000 donation and will match
contributions up to an additional $150,000. As of October 24,
donations totaled $121,590. A committee of Grace employees in Lake
Charles will distribute the funds to employees who were impacted by
"We are doing everything possible to support our employees, and
the Rita Relief Fund is one way that we can deliver maximum benefit to
them and their families," Festa said. "Among other things, we have
worked with government agencies to secure short-term housing at the
plant and set-up a kitchen that is offering meals for employees and
those living onsite."
The foundation is funded through an account at Wachovia Bank, NA
and is organized as a 501(c)(3) tax-exempt, non-profit organization.
Grace employees and retirees are invited to send tax-deductible checks
made payable to Grace Employees Rita Relief Fund to:
Grace Employees Rita Relief Fund
P.O. Box 759078
Baltimore, MD 21275-9078
Grace is a leading global supplier of catalysts and other products
and services to petroleum refiners; catalysts for the manufacture of
plastics; silica-based engineered and specialty materials for a
wide-range of industrial applications; specialty chemicals, additives
and materials for commercial and residential construction; and can
sealants and coatings for food packaging. With annual sales of more
than $2.3 billion, Grace has over 6,500 employees in nearly 40
countries. For more information, visit Grace's web site at
CONTACT: W. R. Grace & Co.
Greg Euston, 212-468-3734
Bridget Sarikas, 410-531-4194
SOURCE: W. R. Grace & Co.