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W.R. Grace's specialty polymers plant in Owensboro, Ky., has a reprieve. Grace originally planned to fold operations by December if it couldn't find a buyer. Now, Grace has sold the plant to Owensboro Specialty Polymers, which is controlled by SANCAP Liner Technology, a privately held Ohio firm. SANCAP uses resins manufactured at the Owensboro facility to make heat seals, pressure-sensitive closures, and gasket sealants for food, cosmetic, and pharmaceutical containers.
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