	grace gra completes retail unit sale w r grace and co said it completed the sale of its bermans the leather experts retail business to a new company in a management led buyout grace received mln dlrs cash and will record a pretax gain of about mln dlrs in the first quarter the company said an additional pretax gain of mln dlrs will be deferred until realization is more fully assured it said the diversified chemical and industrial company said the sale completes its program to divest retail operations in addition to the cash payment grace received warrants to buy up to pct of the new company and has reinvested about pct of the proceeds in debt of the new firm financing was provided by prudential insurance co of america and affiliates reuter 
