Cabot corporation announces acquisition of tokai carbon (tianjin) co., ltd carbon black plant in china

Boston--(business wire)--cabot corporation (nyse: cbt) announced that it has entered a definitive agreement to acquire tokai carbon (tianjin) co., ltd from tokai carbon group for $9 million, subject to customary closing adjustments. the carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to cabot's current carbon black and specialty compounds facility in tianjin, china. the acquisition is expected to support the growth of cabot's battery materials prod
CBT Ratings Summary
CBT Quant Ranking