StockProfiler.US: The Decelerator and Acquisitions
Boston, MA — Solutions Group, Inc. (OTC: SOLU); W. R. Grace & Co. (NYSE: GRA); Synthetech, Inc. (NZYM.OB)
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Company News: Solutions Group, Inc. Announces its First Sale of the Decelerator and Confirms Ship Date
SANTA BARBARA, Calif., Sep 14, 2010 — Solutions Group, Inc. (OTC:SOLU.PK) announced today the Decelerator, a product from its subsidiary, Smart Throttle Technology, LLC, has received its first order and will begin shipping product on Friday, September 17th.
Solutions Group, Inc. closed at $0.0085 Tuesday, trading 2,106,978 shares.
About Solutions Group:
Solutions Group, Inc. (SGI) is a provider of products focused around the Automotive and Transportation Industry. Solutions Group creates greater value for its shareholders by leveraging its core engineering competencies into other opportunities including royalty partnerships, intellectual property creation and selective acquisitions. For more information please visit our website at: www.solutionsgroupcorp.com.
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Company News: Grace to Acquire Synthetech, Inc. for Single-Site Catalyst Production
COLUMBIA, Md. - September 13, 2010 - W. R. Grace & Co. (NYSE: GRA) and Synthetech, Inc. (NZYM.OB) today announced that they have entered into a definitive merger agreement under which Grace will purchase Synthetech, a manufacturer of fine chemicals specializing in organic synthesis, biocatalysis and chiral technologies.
W. R. Grace & Co. closed at $26.96 Tuesday, trading 368,000 shares.
Synthetech, Inc. closed at $0.97 Tuesday, trading 190,997 shares.
About Grace
Grace is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, and specialty chemicals, additives and building materials for commercial and residential construction. Founded in 1854, Grace has operations in over 40 countries. For more information, visit Grace’s web site at www.grace.com.
About Synthetech
Synthetech, Inc., based in Albany, Oregon, is a fine chemicals company specializing in organic synthesis, biocatalysis and chiral technologies. Synthetech develops and manufactures amino acid derivatives, specialty amino acids, peptide fragments and proprietary custom chiral intermediates primarily for the pharmaceutical industry. Synthetech produces advanced pharmaceutical intermediates in accordance with current Good Manufacturing Practices (cGMP) and in compliance with U.S. Food and Drug Administration (FDA) regulations. Synthetech’s products support the development and manufacture of therapeutic peptides and peptidomimetic (peptide-like) small molecule drugs from early stages of a customer’s clinical development through market launch and into commercial production. Synthetech’s products also support the production of chemically-based medical devices. Synthetech’s domestic and international customer base includes major and mid-size pharmaceutical, contract drug synthesis, emerging and established biotechnology and medical device companies. Synthetech also supplies catalog quantities of specialty amino acids to research institutions, universities and drug discovery firms.
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