Skip to main content

Permira to exit CABB?

According to unconfirmed reports, private equity firm Permira is considering exiting from its ownership in CABB after seven years and an auction may begin next year. The German-headquarters fine and speciality chemicals producer could raise about $1.2 billion, it is estimated.

Permira, which has about €44 billion in committed capital around the world, originally acquired CABB from Bridgepoint in 2014. Four years later, it bought Evonik Jayhawk Fine Chemicals, adding a US presence to the company.

CABB goes digital on rail cars

As part of a digitalisation process, the CABB Group is currently fitting GPS devices to all of the 200 rail tank cars and tank containers it hires to transport monochloroacetic acid (MCA). This should be complete by June, the company said.

Subscribe to CABB