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Inorganic Chemistry
Cabot selling fluids business
by alex tullo
February 3, 2019
| A version of this story appeared in
Volume 97, Issue 5
Cabot Corp. has agreed to sell its specialty fluids business to China’s Sinomine Resource Groupfor $135 million. The specialty fluids business produces cesium formate brines and cesium chemicals. It generated operating income during the most recent fiscal year of $8 million on sales of $45 million. Cabot, which makes specialty carbon materials, says the business will be better off in the hands of a company with expertise in mining and downstream chemicals.
Chemical & Engineering News
ISSN 0009-2347
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