BOSTON (Sept 21)—Cabot Corp. is buying 100-percent control of its Showa Cabot K.K. carbon black joint venture in Japan and will rename the venture Cabot Japan K.K.
Terms of the deal, expected to close in November, were not disclosed.
"This transaction will allow us to strengthen our relationships and technical ties with the growing and influential Japanese global tire and industrial products companies," said Bill Brady, executive vice president and general manager of Cabot's carbon black business.
Cabot will carry out the deal through its Cabot International Capital Corp. unit, which will buy Showa Denko K.K.'s 50-percent share of the venture. Cabot and Showa set up the venture, which operates plants in Ishihara and Shimonseki with combined annual capacity of about 150,000 metric tons, in 1978.