June 3, 2003 — Cabot Corp. of Boston has bought Albuquerque, N.M.-based Superior MicroPowders LLC, which is developing micro- and nanoparticle technologies for electronics, fuel cells, displays and other markets, according to a news release.
The cost was $16 million, most of which Cabot said will go to ongoing research and development. Superior has been working with several companies to commercialize products, the release said.
Cabot is a global specialty chemicals and materials company, with 4,500 employees in 23 countries. Late Tuesday, the company was trading at 29.50 on the New York Stock Exchange, down from Monday’s close of 29.65.