The European private equity firm Permira has agreed to acquire the fine-chemicals company CABB International, the private-equity firm Bridgepoint. The transaction is expected to complete in June 2014, subject to regulatory approvals and customary closing conditions.

CABB is a vertically integrated global supplier of fine and specialty chemicals and custom manufacturing services and is a supplier of monochloroacetic acid, a chemical intermediate used in a variety of end-markets and applications including, pharmaceuticals. CABB was founded in 2003 through the reorganization of Clariant's acetyls operations and is headquartered in Sulzbach, Germany.

Source: CABB International