Nouryon to Acquire J.M. Huber’s Carboxymethyl Cellulose Business
The business manufactures a complete line of carboxymethyl cellulose grades and serves customers in over 80 countries, generating sales of around €135 million (approximately $149.2 million).
Nouryon recently announced that it has reached an agreement to acquire the carboxymethyl cellulose (CMC) business of J.M. Huber Corp. The transaction will broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer, and film former.
According to Nouryon, the acquisition underlines its strategy of investing in attractive growth markets, including bolt-on acquisitions. The business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million (approximately $149.2 million). The acquisition includes a manufacturing facility and an advanced R&D facility located at Äänekoski, Finland. Around 240 employees will transfer to Nouryon.