Nexeo Solutions Expands Distribution Agreement with Cabot Corporation into Canada
THE WOODLANDS, Texas, June 14, 2018 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ:NXEO) and Cabot Corporation (“Cabot”) have expanded their agreement to distribute Cabot’s specialty carbon, fumed silica, fumed alumina, dispersion, and aerogel product lines in Canada.
Cabot operates 45 manufacturing facilities in 21 countries around the world. It is a technology and innovation leader whose specialty chemical and performance material product lines are used in a wide variety of applications in packaging, life sciences, coatings, adhesives, sealants and elastomers markets. Nexeo Solutions has successfully leveraged their technical sales expertise and network capabilities to provide complete distribution of these same Cabot products to customers in Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New York, New Jersey, North Dakota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin since October 2017.
“Working with Nexeo Solutions to distribute our high-value products to customers has proven to bring numerous benefits to our customers,” said Bill Masterson, Cabot North American Commercial Director, Performance Chemicals segment. “We are pleased to expand our partnership with Nexeo Solutions and believe that working with a global leader that shares our drive for technical innovation will help deliver meaningful benefits to our customers in Canada.”
“We are excited about expanding our specialty chemical portfolio in Canada with Cabot’s product line,” said Joey Gullion, Vice President, Chemical Specialties at Nexeo Solutions. “Over the last eight months, our technical sales expertise and superior supply chain service have been a great complement to Cabot’s high-quality products for customers across industries. Leveraging our strong distribution network and market and commercial expertise, customers benefit from a team committed to delivering the right solutions for their business needs.”
About Nexeo Solutions, Inc.
Nexeo Solutions is a leading global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base. From product specification to sustainable solutions, the Company goes beyond traditional logistics to provide value-added services across many industries, including chemicals manufacturing, oil and gas, coatings, personal care, healthcare, automotive and 3D printing. The Company leverages a centralized technology platform to identify efficiencies and create solutions to unlock value for suppliers and customers. Learn more at www.nexeosolutions.com.
About Cabot Corporation
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and specialty carbons, activated carbon, inkjet colorants, cesium formate drilling fluids, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at www.cabotcorp.com.
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