Jun. 21, 2012, 7:51 AMCabot (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) | Comment!
Aug. 25, 2011, 9:03 AMCabot (CBT) says it will sell its Supermetals unit to Global Advanced Metals in a deal valued at ~$400M in cash, believing that the specialty metals nature of the unit did not fit with the company's long-term direction. "This transaction allows us to focus our resources on growth initiatives in our other businesses," the company says. CBT +2.3% premarket. | Comment!
CBT vs. ETF Alternatives
Cabot Corp is a specialty chemicals and performance materials Company. The Company offersubber and specialty grade carbon blacks, fumed metal oxides, inkjet colorants, aerogel, cesium formate drilling fluids and activated carbon.
Other News & PR