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Sinomine Resource Group acquires the speciality fluids business of Cabot

Cabot Corporation has announced the sale of its speciality fluids business to Rare Metals Resources Co. Limited, a subsidiary of Sinomine Resource Group Co., Ltd. The deal is valued at $135 million. Based in Boston, Massachusetts, Cabot Corporation is a speciality chemicals and performance materials company. Based in China, Sinomine Resource Group is a geo-tech services company providing solid mineral prospecting, mining investment, trade and logistics, and construction services. Grace Matthews and Jones Day advised Cabot Corporation on the transaction.

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Mergers & Acquisitions,M&A,M&A deals