Acquisitions: A Deal Between Grandchildren

J. Peter Grace Jr., 53, is a grandson of the Irish-born chandler and trader who, in 1854, founded W. R. Grace & Co., first as a merchant shipper, later as a holder of huge Latin American in terests. Mrs. Lorraine Mulberger, 52, is a granddaughter of the German-born brewmaster who, in 1855, cooked up Miller High Life, one of the beers that have made Milwaukee famous. Last week Grace and Mrs. Mulberger agreed on a big business deal: for $36 million, Grace bought the 53% controlling in terest owned by Mrs. Mulberger and members of her immediate family in...

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