Cosmetics Ingredients
Industry News

Nouryon Completes Acquisition of CMC Business of J.M. Huber

Published on 2020-07-01. Edited By : SpecialChem

Nouryon_Completes_CMC_AcquisitionNouryon has completed the acquisition of carboxymethyl cellulose (CMC) business of J.M. Huber Corporation. The transaction will 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.

Strategic Investment in Growth Markets

The acquisition underlines Nouryon’s strategy of investing to develop a leading position in attractive growth markets. CMC is used in a broad range of end markets, including home and personal care, buildings and infrastructure, food, pharmaceuticals, and packaging.

We are excited by the opportunities that this high-quality business provides. 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,” said Charlie Shaver, chairman and CEO of Nouryon.

The newly-acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around 135 million euros. It includes a world-class manufacturing plant and advanced R&D facility located in Äänekoski, Finland. The business’s 248 employees will transfer to Nouryon.

Source: Nouryon
Back to Top