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CABB Group builds unified organisation

German- and Swiss-based CABB Group is to create a new unified organisation called ‘One CABB’. As part of this the Custom Manufacturing and Acetyls business units will be combined. “Both units serve overlapping customer bases while utilising similar technologies in their production,” the firm said.

“Through the change to ‘One CABB’ we will gain speed and efficiency and thus strengthen our position as one of the premier contract development and manufacturing companies,” added CEO Valerie Diele-Braun (pictured).

Permira to exit CABB?

According to unconfirmed reports, private equity firm Permira is considering exiting from its ownership in CABB after seven years and an auction may begin next year. The German-headquarters fine and speciality chemicals producer could raise about $1.2 billion, it is estimated.

Permira, which has about €44 billion in committed capital around the world, originally acquired CABB from Bridgepoint in 2014. Four years later, it bought Evonik Jayhawk Fine Chemicals, adding a US presence to the company.

CABB goes digital on rail cars

As part of a digitalisation process, the CABB Group is currently fitting GPS devices to all of the 200 rail tank cars and tank containers it hires to transport monochloroacetic acid (MCA). This should be complete by June, the company said.

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