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GRACE ANNOUNCES PLANS TO ACQUIRE GERMAN MEDICAL PRODUCTS COMPANY

 BOCA RATON, Fla., March 3 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA), which has a leadership position in specialized health care, today announced that a subsidiary is expected to enter into an agreement to acquire Riggers Medizintechnik GmbH, a manufacturer and distributor of dialysis products with headquarters in Bremerhaven, Germany. Completion of the transaction is subject to various conditions, including German government approval and approval by Grace's board of directors, and is expected to occur in the first quarter.
 Riggers develops, manufactures and distributes a full line of kidney dialysis products, including hemodialysis concentrate, saline solutions, bloodlines and kidney dialysis machines. The Riggers management team is expected to continue in its current role following completion of the transaction, when Riggers will be a unit of National Medical Care, Inc., Grace's health care subsidiary.
 In commenting on this acquisition, Dr. Constantine L. Hampers, a Grace executive vice president and chairman and chief executive officer of National Medical Care, said: "Riggers will complement Grace's health care business and will facilitate National Medical Care's growth in Germany, one of the major markets for dialysis in the European community."
 Grace is the world's largest specialty chemicals company and holds a leadership position in specialized health care.
 -0- 3/3/93
 /CONTACT: Chuck Suits of W. R. Grace, 407-362-2600 or 800-GRACE99/
 (GRA)


CO: W. R. Grace & Co.; Riggers Medizintechnik GmbH ST: Florida IN: CHM HEA SU: TNM

AW -- FL010 -- 2532 03/03/93 14:13 EST
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Publication:PR Newswire
Date:Mar 3, 1993
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