Acquisition makes Cabot world leader in activated carbon

ERJ staff report (DS)

Boston, Massachusetts -- Cabot Corp. is to buy Norit N.V., the global leader in activated carbon from an Investment company for $1.1 billion,

Norit operates 10 manufacturing facilities throughout the Americas and Europe. It employs 760 people and provides the widest and most differentiated range of activated carbon products of any producer. Norit generated sales of $360 million and adjusted EBITDA of $92 million for the trailing twelve months ended December 31, 2011.

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Press release from Cabot