Cabot Corporation to Acquire Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN)
Acquisition strengthens market position and formulations capabilities in high-growth batteries space
As the second largest producer of CNTs globally, SUSN has capability to manufacture both dry powder CNTs and dispersions and has a proven track record of commercial success in the lithium-ion battery market. The addition of CNTs enhances Cabot’s suite of conductive carbon product offerings, which today includes the VULCAN XC-series carbon blacks, PBX® carbon performance additives for advanced lead-acid batteries, LITX® conductive additives for lithium-ion batteries, and the recently announced ATHLOS™ carbon nanostructures. With this acquisition, Cabot will be the only carbon additive supplier with commercially proven carbon black, CNT, carbon nanostructure and dispersion capabilities.
“SUSN fits strongly with our strategy of growing in the formulations space and provides a new technology platform for our energy materials business,” said
Blended conductive carbon additive (CCA) dispersions are being increasingly adopted by battery manufacturers to improve performance and reduce the cost of materials and CNTs are the fastest growing conductive carbon additive in energy storage.
“This acquisition creates a unique opportunity for Cabot to create world-class formulated solutions and provide customers with an even more comprehensive range of products to meet their needs,” said
SUSN’s trailing twelve-month revenue was
SUSN commissioned a new CNT plant in
Founded in 2011 and headquartered in
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release involving the Company that are not statements of historical fact are forward-looking statements and are subject to risks and uncertainties inherent in projecting future conditions, events and results. Such forward looking statements include statements regarding Cabot’s expectations pertaining to the timing of completion of the acquisition, SUSN’s capacity for growth over the next several years and the expected benefits of the acquisition, including to Cabot’s future financial performance. Such expectations are based upon certain preliminary information, internal estimates and management assumptions, expectations and plans. For a discussion of the risks and uncertainties that could cause results to differ from those expressed in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.