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BOSTON, US: Cabot Corporation has entered into an agreement to sell its Security Materials business to SICPA for approximately $20 million in cash consideration. The Security Materials business utilizes patented spray pyrolysis technology for brand protection activities and advanced nanotechnology for covert taggant applications. The acquisition is expected to close by the end of fiscal year 2014, pending regulatory approvals.
“We are pleased to have reached an agreement with SICPA at an attractive value for our shareholders. The Security Materials business is a leader in covert taggant technology. We believe that SICPA, as a leading player in the security industry, will expand and accelerate the future growth potential of this business,” said Patrick Prevost, President and Chief Executive Officer, Cabot.
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