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J. Peter Grace

W. R. Grace and Company

1945 - 1992

Chemicals & Industrial

1940 b. 1913
male
EducationOneDegree
UndergraduateYale University
Personal
Born-Died1913 - 1995
BirthplaceNew York (NY)
RaceWhite
FatherHead, Same Company
Era - 1940

Grace dramatically grew the company through massive diversification efforts. In 1950, Latin American operations brought in 60% of W.R. Grace & Company sales. Grace’s diversification efforts decreased the above percentage to only 19% by 1962. Chemicals, on the other hand went from 6% of sales in 1950 to 55% in 1977 as the company became the fifth largest producer of chemicals in the U.S. Grace grew his company into a diversified industrial complex including restaurants, sporting good stores, and auto parts companies.