Cabot Corporation has announced it is purchasing Tech Blend, a producer of black masterbatches based in Saint-Jean-sur-Richelieu, Québec, for approximately $64 million. The acquisition extends Cabot’s global footprint in black masterbatch and compounds; provides a platform to serve global customers and grow in conductive formulations; and offers Tech Blend resources and capabilities to support growth.
The company will be managed as part of Cabot’s global specialty compounds business within the Performance Chemicals segment.
“This bolt-on acquisition is a great example of our ‘Advancing the Core’ strategy,” said Cabot President and Chief Executive Officer Sean Keohane. “This acquisition will not only strengthen our global leadership position in black masterbatches and compounds and provide a platform from which to better serve global customers, but it will also support our strategy of driving application innovation with our customers.”
Read the full press release here.