Birla Carbon buys Belgium's Nanocyl

Aditya Birla Group's Birla Carbon, one of the largest suppliers of carbon black globally, on Wednesday said it has acquired Belgium-based Nanocyl SA as it looks to expand its presence in the energy systems market.

It did not disclose financial details of the deal. The buyout of Nanocyl, a global leader for multi-wall carbon nanotubes, will help Birla Carbon gain a leadership position in materials critical to lithium-ion battery performance along with other conductive applications, the company said.

Along with the Conductex family of conductive carbon black additives and active anode materials, the inclusion of Nanocyl's advanced MWCNTs will give Birla Carbon a range of solutions for conductive applications, the company said.