AMSTERDAM — Nouryon, a global specialty chemicals leader, recently announced the completion of the spin-off of its base chemicals business, Nobian, into a separate company remaining under the ownership of Nouryon’s equity owners, The Carlyle Group and GIC.
“This is an important milestone, positioning Nouryon as a global specialty chemicals leader. Our focused strategy will allow Nouryon to grow and exceed our customers’ expectations by delivering innovative and sustainable solutions that answer society’s needs,” said Charlie Shaver, Chairman and CEO of Nouryon and Chairman of Nobian. “This enhanced focus allows Nouryon to benefit from an increasingly specialized and leading portfolio in Performance Formulations and Technology Solutions, driven by resilient and growing end-markets.”