Umicore Bought CP Chemicals, Inc.
CHEMMONITOR.COM – Umicore (Belgium), a global materials technology and recycling group, bought CP Chemicals, Inc (the USA). The financial details of the deal remain undisclosed. CP Chemicals, Inc. specializes in refining and recycling cobalt and nickel-containing secondary materials.
CP Chemicals, Inc. will be merged with Cobalt & Specialty Materials business of Umicore. The acquisition of CP Chemicals revealed Umicore’s plans to expand its footprint in the cobalt and nickel market.