Nouryon Completes Acquisition of J.M. Huber Carboxymethyl Cellulose Business
The transaction will reportedly significantly broaden Nouryon’s portfolio of products in carboxymethyl cellulose, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer, and film former.
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.