Cabot Corporation Completes Sale of Security Materials Business
July 31 2014 - 1:00PM
Business Wire
Cabot Corporation (NYSE: CBT) has closed the sale of its
Security Materials business to SICPA for approximately $20 million
in cash consideration, company officials announced today.
“We are pleased to have completed this transaction at an
attractive value for our shareholders,” said Patrick Prevost, Cabot
president and chief executive officer. “SICPA is a leading player
in the security industry and we believe that SICPA will be able to
expand and accelerate the future growth potential of the Security
Materials business.”
The Security Materials business utilizes patented spray
pyrolysis technology for brand protection activities and advanced
nanotechnology for covert taggant applications. In fiscal 2013, the
Security Materials business generated $7 million in revenue.
About Cabot CorporationCabot
Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston,
Massachusetts. The company is a leading provider of rubber and
specialty carbons, activated carbon, inkjet colorants, cesium
formate drilling fluids, fumed silica, aerogel, and elastomer
composites. For more information on Cabot, please visit the
company’s website at: http://www.cabotcorp.com.
Forward-looking
statementsSafe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: Statements in this press
release involving the Company that are not statements of historical
fact are forward-looking statements and are subject to risks and
uncertainties. For a discussion of the risks and uncertainties that
could cause results to differ from those expressed in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K.
Cabot CorporationInvestor Contact:Erica McLaughlin,
617-342-6090
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