Albemarle Corporation, a leader in the global specialty chemicals industry, said it signed a definitive agreement to sell its polyolefin catalysts and components business to W. R. Grace & Co. in a cash transaction valued at approximately $416 million. The organometallics and curatives portions of the Performance Catalysts Solutions business will remain with Albemarle. As part of the transaction, Grace will assume the lease and operations at the Product Development Center in Baton Rouge, La.,...