Nouryon acquires carboxymethyl cellulose business of J.M. Huber Corporation
Nouryon has made an agreement to acquire the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.
The transaction is supposed to significantly broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabiliser 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.
Around 240 employees will transfer to Nouryon
The business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around EUR 135 million. It includes a manufacturing facility as well as an advanced R&D facility located at Äänekoski, Finland. Around 240 employees from the business will transfer to Nouryon.
Image source: Pixabay.
