Cabot to buy rest of Mexican carbon black JV for $105m

ERJ staff report (BC)

Altamira, Mexico – Cabot Corp. (CBT) has agreed to buy the remaining 60 percent stake in its Mexican carbon black manufacturing joint venture from Grupo Kuo S.A.B. de C.V. for $105m (€78), reports Saabira Chaudhuri of the Wall Street Journal. The move is expected to bolster the speciality chemicals company’s carbon black business in North America as well as globally.

Chief Executive Patrick Prevost is reported to have said: “This acquisition not only increases Cabot’s footprint in North America, but solidifies our global…

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