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Tokai Carbon completes acquisition of Cancarb

10:39 AM MDT | April 28, 2014

TransCanada (Calgary, AB) has closed the sale of Cancarb to Tokai Carbon (Tokyo) for $190 million. Cancarb, a producer of carbon black, has a 45,000-m.t./year plant at Medicine Hat, AB. The sale, which includes an associated power plant, was announced in January. Tokai Carbon reported sales of ¥101 billion ($988 million) and net income of ¥3.1 million in...

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