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Business
Cabot Buys Out Mexican Venture
by Alexander H. Tullo
June 24, 2013
| A version of this story appeared in
Volume 91, Issue 25
Cabot Corp. has agreed to buy the 60% it doesn’t already own of Nhumo, its carbon black joint venture with Mexico’s Grupo Kuo, for $105 million. With 140,000 metric tons per year of capacity at a plant in Altamira, Nhumo is Mexico’s largest carbon black producer. The partnership had earnings before taxes of $41 million in 2012. Cabot says the purchase will solidify its leadership in the global market for carbon black, used as a pigment and rubber reinforcement material.
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