Nouryon has completed its previously announced acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corp. The transaction will reportedly 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.

The acquisition underlines Nouryon’s strategy of investing to develop a leading position in attractive growth markets. The newly acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million (approximately $151.7 million). It reportedly includes a world-class manufacturing plant and advanced R&D facility located in Äänekoski, Finland. The business’ 248 employees will transfer to Nouryon.

“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.”

For more information, visit www.nouryon.com. J.M. Huber can be found online at www.huber.com.