Cabot Corporation Selects Nexeo Solutions as Distribution Partner
THE WOODLANDS, Texas, Oct. 02, 2017 (GLOBE NEWSWIRE) -- Nexeo Solutions, Inc. (NASDAQ: NXEO) a leading global chemicals and plastics distributor, announced a new distribution agreement with Cabot Corporation (NYSE: CBT) a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts.
This new agreement starting in October will make Cabot’s specialty carbon, fumed silica, fumed alumina, dispersions, and aerogel product lines available to current and prospective U.S. based Nexeo customers in the states of Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, New York, New Jersey, North Dakota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.
Nexeo Solutions was chosen for its ability to continue Cabot’s tradition of high-quality customer care and technically capable sales support. Through this agreement, Cabot will enhance customer engagement by leveraging Nexeo Solutions’ market specific commercial and technical expertise that aligns with Cabot’s product lines. In addition, Cabot will benefit from Nexeo Solutions’ complementary product offerings as well as their strong infrastructure and integrated systems.
“We consistently look for ways to improve the value that we bring to our customers. That’s why we are excited to be working with Nexeo Solutions because they are a recognized market leader for distribution, and have a proven ability to deliver high-quality technical and customer support in life sciences and the coatings, adhesives, sealants and elastomers industries,” said Bill Masterson, North American commercial director, Performance Chemicals segment. “Combined with their logistical capabilities and market knowledge, we believe the addition of Nexeo Solutions to our distribution network will provide our customers with numerous added benefits.”
“This new agreement with Cabot expands our specialty chemical product portfolio, and we are thrilled to offer their high-quality, high-value products,” said Joey Gullion, Vice President, Chemical Specialties at Nexeo Solutions. “As a leading producer of specialty carbons and fumed silica, Cabot has set the standard for quality and technology innovation. Cabot’s products complement our existing portfolio, and when combined with our market reach, technical expertise and supply chain presence, we will be able to deliver superior technical support and service.”
About Nexeo SolutionsNexeo 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 CorporationCabot 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: http://www.cabotcorp.com.
FOR FURTHER INFORMATION PLEASE CONTACTMedia Relations, Nexeo SolutionsTel: +1.281.297.0851, Media.Relations@nexeosolutions.com
Investor Relations, Nexeo SolutionsTel: +1.281.297.0856, Investor.Relations@nexeosolutions.com
Cabot, Corporate Communications Vanessa Craigie(617) 342-6015