In 2013, Grace completed two business combinations for total consideration of $526.2 million as follows:


•	In April 2013, Grace acquired the assets of Chemind Construction Products, a privately held specialty manufacturer and distributor of waterproofing coatings technologies and materials for the design and construction industry.


•	In December 2013, Grace acquired the assets of the UNIPOL^® Polypropylene Process Technology Licensing and Catalysts business of The Dow Chemical Company. The acquisition is complementary to Grace's specialty catalysts business and significantly enhances the company’s position as a leading supplier of polyolefin catalysts and technologies.

The purchase price for the acquisitions was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date in accordance with ASC 805 "Business Combinations".



	(In millions)
Tangible assets	$	55.8
Goodwill	262.9
Intangible assets	247.6
Liabilities assumed	(40.1		)
Net assets acquired, net of cash acquired	$	526.2

The table below presents the assets acquired and liabilities assumed as part of the acquisition of the UNIPOL^® licensing and related catalyst business. The excess of the purchase price over the fair value of the tangible net assets and intangible assets acquired was recorded as goodwill. The goodwill recognized is attributable to the expected growth and operating synergies that Grace expects to realize from this acquisition. Goodwill generated from the acquisition will be deductible for tax purposes.



	(In millions)
Trade accounts receivable	$	10.5
Inventories	22.6
Properties and equipment	18.4
Goodwill	253.2
Intangible assets	243.0
Current deferred revenue	(14.3		)
Noncurrent deferred revenue	(23.0		)

The table below presents the intangible assets acquired as part of the acquisition of the UNIPOL^® licensing and related catalyst business and the periods over which they will be amortized.



	Amount (In millions)		Weighted Average Amortization Period (in years)
Technology	$	205.3	20.9
Trademarks	11.9		30.0
Customer Lists	10.6		20.0
Other	15.2		17.0
Total	$	243.0	20.9

Pro forma information is not presented for the UNIPOL^® licensing and related catalyst business as the acquisition is not material to the Company. In the month of December, Grace recorded $5.2 million in sales related to the acquisition and earnings of $0.6 million before $8.6 million of acquisition, integration, and transition costs.