Cabot buys Tokai’s Tianjin carbon black plant for $9 million

Cabot Corporation has agreed to buy Tokai Carbon (Tianjin) Co. Ltd. from Tokai Carbon Group for US$9 million. The carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. Cabot will run the plant and intends to continue to supply current customers while conducting technology upgrades. The transaction is expected to close in the second quarter of 2022.