Cabot (CBT) agrees to acquire Dutch activated carbon manufacturer Norit for $1.1B from U.K. P-E...

|About: Cabot Corporation (CBT)|By:, SA News Editor

Cabot (CBT) agrees to acquire Dutch activated carbon manufacturer Norit for $1.1B from U.K. P-E firm Doughty Hanson and Dutch investment firm Euroland Investments. "This acquisition supports the ongoing transformation of our portfolio to a higher margin, less cyclical, specialty chemicals focused company," Cabot CEO Patrick Prevost says. (PR)