Cabot Corporation Acquires Assets Of Superior MicroPowders, LLC

02 Jun, 2003, 01:00 ET from Cabot Corporation

    BOSTON, June 2 /PRNewswire-FirstCall/-- Cabot Corporation (NYSE:   CBT)
 announced today that it has purchased the assets of Superior MicroPowders, LLC
 (SMP), a privately-held company located in Albuquerque, New Mexico. SMP is an
 advanced materials development and manufacturing company with proprietary
 nano- and micro- powder production systems and manufacturing capability. While
 in the development stage, SMP has been working with several major companies to
 develop particle applications for use in the electronics, fuel cell, display,
 and other markets.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000323/CABOTLOGO )
     The purchase price for the acquisition was approximately $16 million.
 Cabot believes that a significant portion of the purchase price will be
 allocated to in-process research and development, which is required to be
 immediately charged to expense.
     Barry Neal has been named General Manager of the SMP organization.
 Previously, Mr. Neal was the Director, Research and Development, Cabot
 Supermetals, located in Boyertown, PA.  For the past year, Mr. Neal has led
 the integration of Cabot Supermetals, in Japan.
     SMP was founded in 1997 by Dr. Toivo Kodas and Dr. Mark Hampden-Smith, two
 leaders in the field of aerosol processing of materials.  Both Dr. Hampden-
 Smith and Dr. Kodas, as technical directors, will continue to lead the efforts
 to integrate SMP technology into Cabot.
     Kennett F. Burnes, Cabot Chairman and CEO said, "We are excited about the
 expertise and technology that SMP brings because it will allow Cabot to
 continue expanding our technology to areas that complement our existing
 markets and provide opportunities for future new business growth.  This
 acquisition of SMP is consistent with Cabot's strategy to expand our business
 portfolio into high value-added markets."
     For more information on SMP, please go to www.superiormicropowders.com.
 
     About Cabot
     Cabot Corporation is a global specialty chemicals and materials company
 and is headquartered in Boston, MA.  Cabot's major products are carbon black,
 fumed silica, inkjet colorants, and capacitor materials.  Cabot has
 approximately 4,500 employees in 45 manufacturing plants located in 23
 countries around the world. Further information is available on the Company's
 web site at www.cabot-corp.com.
 
     Forward-Looking Information: Included above are forward-looking statements
 relating to management's expectations of future profits, the possible
 achievement of the Company's financial goals and objectives and management's
 expectations for shareholder value creation initiatives and for the Company's
 product development program.  Actual results may differ materially from the
 results anticipated in the forward-looking statements included in this press
 release due to a variety of factors, including market supply and demand
 conditions, fluctuations in currency exchange rates, costs and availability of
 raw materials, patent rights of others, stock market conditions, demand for
 our customers' products, competitors' reactions to market conditions, the
 outcome of pending litigation and governmental investigations, the impact of
 global health and safety concerns on economic conditions or market
 opportunities and other factors discussed in the Company's 2002 Annual Report
 on Form 10-K. Timely commercialization of products under development by the
 Company may be disrupted or delayed by technical difficulties, market
 acceptance, competitors' new products, as well as difficulties in moving from
 the experimental or development stage to the production stage.
 
     Contact:
      James P. Kelly
      Director, Investor Relations
      (617) 342-6244
      jim_kelly@cabot-corp.com
 
      Ethel Shepard
      Corporate Affairs Manager
      (617) 342-6254
      ethel_shepard@cabot-corp.com
 
 

SOURCE Cabot Corporation
    BOSTON, June 2 /PRNewswire-FirstCall/-- Cabot Corporation (NYSE:   CBT)
 announced today that it has purchased the assets of Superior MicroPowders, LLC
 (SMP), a privately-held company located in Albuquerque, New Mexico. SMP is an
 advanced materials development and manufacturing company with proprietary
 nano- and micro- powder production systems and manufacturing capability. While
 in the development stage, SMP has been working with several major companies to
 develop particle applications for use in the electronics, fuel cell, display,
 and other markets.
     (Photo: http://www.newscom.com/cgi-bin/prnh/20000323/CABOTLOGO )
     The purchase price for the acquisition was approximately $16 million.
 Cabot believes that a significant portion of the purchase price will be
 allocated to in-process research and development, which is required to be
 immediately charged to expense.
     Barry Neal has been named General Manager of the SMP organization.
 Previously, Mr. Neal was the Director, Research and Development, Cabot
 Supermetals, located in Boyertown, PA.  For the past year, Mr. Neal has led
 the integration of Cabot Supermetals, in Japan.
     SMP was founded in 1997 by Dr. Toivo Kodas and Dr. Mark Hampden-Smith, two
 leaders in the field of aerosol processing of materials.  Both Dr. Hampden-
 Smith and Dr. Kodas, as technical directors, will continue to lead the efforts
 to integrate SMP technology into Cabot.
     Kennett F. Burnes, Cabot Chairman and CEO said, "We are excited about the
 expertise and technology that SMP brings because it will allow Cabot to
 continue expanding our technology to areas that complement our existing
 markets and provide opportunities for future new business growth.  This
 acquisition of SMP is consistent with Cabot's strategy to expand our business
 portfolio into high value-added markets."
     For more information on SMP, please go to www.superiormicropowders.com.
 
     About Cabot
     Cabot Corporation is a global specialty chemicals and materials company
 and is headquartered in Boston, MA.  Cabot's major products are carbon black,
 fumed silica, inkjet colorants, and capacitor materials.  Cabot has
 approximately 4,500 employees in 45 manufacturing plants located in 23
 countries around the world. Further information is available on the Company's
 web site at www.cabot-corp.com.
 
     Forward-Looking Information: Included above are forward-looking statements
 relating to management's expectations of future profits, the possible
 achievement of the Company's financial goals and objectives and management's
 expectations for shareholder value creation initiatives and for the Company's
 product development program.  Actual results may differ materially from the
 results anticipated in the forward-looking statements included in this press
 release due to a variety of factors, including market supply and demand
 conditions, fluctuations in currency exchange rates, costs and availability of
 raw materials, patent rights of others, stock market conditions, demand for
 our customers' products, competitors' reactions to market conditions, the
 outcome of pending litigation and governmental investigations, the impact of
 global health and safety concerns on economic conditions or market
 opportunities and other factors discussed in the Company's 2002 Annual Report
 on Form 10-K. Timely commercialization of products under development by the
 Company may be disrupted or delayed by technical difficulties, market
 acceptance, competitors' new products, as well as difficulties in moving from
 the experimental or development stage to the production stage.
 
     Contact:
      James P. Kelly
      Director, Investor Relations
      (617) 342-6244
      jim_kelly@cabot-corp.com
 
      Ethel Shepard
      Corporate Affairs Manager
      (617) 342-6254
      ethel_shepard@cabot-corp.com
 
 SOURCE  Cabot Corporation