22nd April 2014
Permira, the European private equity firm with global reach, today announced that a company owned by the Permira funds has entered into an agreement to acquire CABB International, one of the leading manufacturers of fine chemicals from Bridgepoint. The transaction is expected to complete in June 2014, subject to regulatory approvals and customary closing conditions.
CABB is a vertically integrated global supplier of fine and specialty chemicals and custom manufacturing solutions. The company is one of the leading suppliers of custom synthesized active ingredients and intermediates for the agrochemical market and other end-markets and is the leading supplier of monochloroacetic acid (“MCA”), a chemical intermediate used in a variety of end-markets and applications including agrochemicals, pharmaceuticals, cosmetics, flavors, fragrances, vitamins and surfactants. CABB was founded in 2003 through the reorganization of Clariant’s acetyls operations and is headquartered in Sulzbach, Germany.
Click below to download the full release.