Cabot Corporation Completes Sale of Security Materials Business

BOSTON--(BUSINESS WIRE)--

Cabot Corporation CBT has closed the sale of its Security Materials business to SICPA for approximately $20 million in cash consideration, company officials announced today.

“We are pleased to have completed this transaction at an attractive value for our shareholders,” said Patrick Prevost, Cabot president and chief executive officer. “SICPA is a leading player in the security industry and we believe that SICPA will be able to expand and accelerate the future growth potential of the Security Materials business.”

The Security Materials business utilizes patented spray pyrolysis technology for brand protection activities and advanced nanotechnology for covert taggant applications. In fiscal 2013, the Security Materials business generated $7 million in revenue.

About Cabot Corporation
Cabot Corporation CBT is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, fumed silica, aerogel, and elastomer composites. For more information on Cabot, please visit the company's website at: http://www.cabotcorp.com.

Forward-looking statements
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. 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.