Nouryon to Buy J.M. Huber’s Carboxymethyl Cellulose Business
AMSTERDAM — Nouryon is continuing its growth acceleration plans with 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. The companies have largely complementary positions in CMC end markets, which include home and personal care, mining, food, pharmaceuticals, and paper and packaging.
The business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million. It includes a manufacturing facility as well as an advanced R&D facility located at Äänekoski, Finland.