Ashurst advised Cabot China on the acquisition of Shenzhen Sanshun Nano New Materials

Cabot 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, masterbatches and conductive compounds, fumed silica, and aerogel.

SUSN is a leading carbon nanotubes (CNTs) and dispersions producer that supplies to lithium-ion battery manufacturers both in China and globally. SUSN has a wide range of products covering single-walled CNTs, multi-walled CNTs and various blends to meet the ever-increasing needs of the battery industry.

This transaction was of strategic importance to Cabot as it gave Cabot new capabilities in the important CNT segment where SUSN is the second largest producer globally. The acquisition strengthens Cabot’s market position and formulation capabilities in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.

Lead partner Michael Sheng commented, "We are delighted to have advised Cabot on this strategically important transaction. The transaction involved many parties and complex contractual arrangements. It was a pleasure to work through them together with the Cabot team in China and the US."
 
The Ashurst team was led by Michael Sheng, supported by Daniel Ohvall, Derek Wang and Chloe Xiang. Partner Angie Ng advised on the anti-trust issues.