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GRACE COMMENTS ON JOINT VENTURE IN RUSSIA

 BOCA RATON, Fla., March 22 /PRNewswire/ -- In response to repeated news queries regarding the announcement by W. R. Grace & Co. (NYSE: GRA) earlier today on the formation of a food packaging joint venture in Russia, a Grace spokesman issued the following statement in view of the current political climate in that country:
 "Grace's packaging products and systems will lead directly to improvements in the quality of life for the people of Russia and other Commonwealth countries and therefore, by meeting basic human needs, should flourish regardless of the political situation.
 "This joint venture brings together a long-term company, A/O Kaustik, in the former Soviet Union with its distribution, people and markets joining with Grace and Grace's state of the art technology and marketing capability."
 -0- 3/22/93
 /CONTACT: Chuck Suits of W. R. Grace, 407-362-2600 or 800-GRACE99/
 (GRA)


CO: W. R. Grace & Co.; A/O Kaustik ST: Florida IN: SU: JVN

JB-AW -- FL010 -- 8369 03/22/93 16:43 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:162
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