ERJ staff report (DS)
Boston, Massachusetts - Cabot Corp. has closed the sale of its Supermetals Business to Global Advanced Materials. The sale resulted in an initial cash payment of $175 million. Additional cash consideration will total a minimum of $275 million, consisting of the remaining $215 million purchase price, a minimum of $11 million of payments based on the future performance of the business and approximately $50 million for the sale of excess inventory, to be paid within a two-year period.
GAM is a global leader in the supply of tantalum ore, a raw material used by the Supermetals business in the manufacture of products to the electronics, aerospace, chemical manufacturing and other industries.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Cabot