Posted in | News | Nanomaterials | Nanobusiness

Cabot Announces Acquisition of Oxonica Materials

Cabot Corporation (NYSE: CBT) today announced the acquisition of Oxonica Materials Inc. (OMI), a wholly owned subsidiary of Oxonica plc. The purchase will complement Cabot's existing Security Business and expands Cabot's portfolio of security technologies.

OMI is a leading developer of Surface Enhanced Raman Scattering (SERS) materials and detection methods. These SERS materials provide a unique signal that can be detected using specialized readers and therefore provide highly counterfeit-resistant security solutions for a broad range of applications including brand security, fuel markers, tax stamps and identification.    

Cabot Corporation's Security Business is a leading supplier of covert taggants for many high security applications.  Covert taggants are unique, hard-to-replicate particles added to inks, paper, films and other materials that can only be detected with a specialized reader. Beyond barcodes and optical authentication systems, covert taggants are used to add additional security features to applications from passports to packaging.

"We are pleased to have completed the acquisition of Oxonica Materials," said Fred von Gottberg, Vice President and General Manager of Cabot's New Business Segment. "The purchase is a testament to our continued commitment to invest in new technologies and innovation.  This acquisition will enable us to leverage the technical portfolios and commercial positions of both organizations to create a stronger security materials business within Cabot."

Dr. Michael Natan, CEO of Oxonica Materials Inc., who will join Cabot Corporation with the acquisition, said, "Joining Cabot will further accelerate the commercialization of SERS taggant technology.  I am excited to merge Cabot's technical and business leadership with OMI's technology, and together create a stronger Security Business."

Source: http://www.cabot-corp.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Cabot Corporation. (2019, February 13). Cabot Announces Acquisition of Oxonica Materials. AZoNano. Retrieved on December 09, 2024 from https://www.azonano.com/news.aspx?newsID=18822.

  • MLA

    Cabot Corporation. "Cabot Announces Acquisition of Oxonica Materials". AZoNano. 09 December 2024. <https://www.azonano.com/news.aspx?newsID=18822>.

  • Chicago

    Cabot Corporation. "Cabot Announces Acquisition of Oxonica Materials". AZoNano. https://www.azonano.com/news.aspx?newsID=18822. (accessed December 09, 2024).

  • Harvard

    Cabot Corporation. 2019. Cabot Announces Acquisition of Oxonica Materials. AZoNano, viewed 09 December 2024, https://www.azonano.com/news.aspx?newsID=18822.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.