Nouryon Completes CMC Business Acquisition
Specialty chemicals company Nouryon recently announced the acquisition of J.M. Huber Corporation, a carboxymethyl cellulose business.
Nouryon says that the transaction will “significantly broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer and film former.”
Huber manufactures a complete line of CMC grades and serves customers in 80 countries, generating sales of around 135 million euros (roughly $147 million).
The company also operates a manufacturing plant and research and development facility in Äänekoski, Finland, and employs 248 people, who will all transfer to Nouyon.
“We are excited by the opportunities that this high-quality business provides,” said Charlie Shaver, Chairman and CEO of Nouryon.
“With a range of products that complements our existing CMC portfolio, it allows us to offer our current and new customers a significantly broader set of bio-based solutions and confirms our commitment to investing in sustainable growth platforms. We are also pleased to welcome the employees of this business into the Nouryon family.”