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Alice M. Poltorick
Grace Construction Products
617-498-4996
alice.m.poltorick@grace.com

  Erin Hunt
Seamonds & Company
978-887-9959
ehunt@seamonds.com


GRACE CONSTRUCTION PRODUCTS APPOINTS MIKE RAGAN TO VP OF CONSTRUCTION CHEMICALS SALES POSITION

CAMBRIDGE, MA, February 23, 2001 -- Grace Construction Products, a business unit of W.R. Grace & Co. (NYSE: GRA), has named Michael D. Ragan Vice President of Construction Chemicals Sales. In this position, Ragan will have responsibility for the North American Concrete Products sales organization, the Masonry Products sales organization, and for the development and execution of a global key account strategy.

"We are pleased that Mike is returning to Grace. He has outstanding sales management skills, and a keen focus on creating customer value," said Wayne T. Smith, General Manager of Grace's Specialty Construction Chemicals.

Ragan began his career at Grace Construction Products in 1982 and progressed through a number of sales and general management positions supporting the waterproofing, fireproofing, masonry, and concrete products businesses.

Ragan is a 1976 graduate of Loyola College in Baltimore and is an active member of the National Ready Mixed Concrete Association. He will reside in southern New Hampshire with his wife Beth and their four children.

Headquartered in Cambridge, Massachusetts, Grace Construction Products is a leading manufacturer worldwide of concrete admixtures, cement processing additives, fire protection, waterproofing products, and masonry products. The company has more than 125 plants and sales offices around the world.


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