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Peter Grace
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Peter Grace

American businessman
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J. Peter Grace was an American businessman who led W.R. Grace & Co. from 1945 to 1989. Under his leadership, the company transformed from an agricultural and transportation firm with significant investments in Peru and Chile into a diversified chemical giant.1

W.R. Grace & Co. originated from a Peruvian enterprise founded by William R. Grace in 1854, initially focused on land, natural resources, and shipping. The company was incorporated in the United States in 1899. Grace's tenure saw a strategic shift away from Latin American operations starting in 1950, with the sale of chemicals and chemical products eventually accounting for over half of the firm's revenue by the 1970s. The company continued to evolve, focusing on specialty chemicals, construction materials, coatings, and sealants, and is headquartered in Columbia, Maryland.1

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2 Britannica Sources
  1. W.R. Grace & Co.
  2. William R. Grace

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