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.”
Nouryon initially announced the intent for the acquisition in January,
