Specialty Chemicals M&A » By The Online Investor Staff, updated Sat., Apr. 20, 3:03 AM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
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Slide #50. Cabot Corporation — NHUMO, S.A.de C.V
Acquirer:
Cabot Corporation (NYSE:CBT)
Acquiree:
NHUMO, S.A.de C.V
Details:
Cabot Corporation (NYSE:CBT) announced that it has entered into an agreement with Grupo Kuo S.A.B. de C.V. (KUOB.MX) to purchase the remaining 60 percent equity of its Mexican carbon black manufacturing joint venture, NHUMO, S.A.de C.V, for $105 million, of which $80 million will be paid upon closing, excluding cash acquired. NHUMO is the leading carbon black producer in Mexico, and the acquisition will strengthen Cabot's global carbon black business. This strategic asset in Mexico will also serve to meet the growing demand for carbon black throughout North America.
Cabot is a global specialty chemicals and performance materials company. Co.'s principal products are reinforcing and specialty carbons, specialty compounds, conductive carbons, carbon nanotubes, fumed metal oxides, inkjet colorants, and aerogel. Co.'s business is organized into two reportable segments: Reinforcement Materials, which includes reinforcing carbons and engineered elastomer composites solutions; and Performance Chemicals, which combines its specialty carbons, battery materials, fumed metal oxides and aerogel product lines into its Performance Additives business as well as combines its specialty compounds and inkjet product lines into its Formulated Solutions business.
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Buy (3.33 out of 4) 100th percentile
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