Boston, MA-based Cabot Corporation is a leading global specialty chemicals and performance materials company. The company offer a broad range of products and solutions to customers in every corner of the planet, catering to major industries such as transportation, infrastructure, environment and consumer. Its major products include rubber and specialty grade carbon blacks, specialty compounds, activated carbons, fumed metal oxides, inkjet colorants, aerogel and cesium formate drilling fluids.

Cabot operates through two segments – Reinforcement Materials and Performance Chemicals. The company generated sales of around $3,931 million in fiscal 2023, down around 9% year over year.

Reinforcement Materials (65% of fiscal 2023 sales): The segment makes rubber-grade carbon blacks as well as compounds of carbon black and rubber using the company’s patented elastomer composites manufacturing process.

Performance Chemicals (31%): The segment comprises specialty carbons and formulations business and metal oxides business. The specialty carbons and formulations business makes and markets specialty grades of carbon black, specialty compounds and inkjet colorants. The metal oxides business makes and markets fumed silica, fumed alumina and aerogel.

The company, in March 2022, completed the divestiture of its Purification Solutions segment to One Equity Partners, a private equity firm. The business generated $97 million in revenues in fiscal 2022. The divestment allows Cabot to invest resources to strengthen the core business segments. Moreover, it allows it to deliver strategic growth plans as outlined in its ‘Creating for Tomorrow’ strategy.

In June 2019, the company successfully closed the divestiture of its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited for $135 million. The transaction enables the company to focus on growth opportunities in core businesses and execute the ‘Advancing the Core’ strategy.