The transaction includes a manufacturing plant and advanced R&D facility located in Äänekoski, Finland.
Nouryon completes its acquisition of the 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, according to the company.
The acquisition reportedly 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.
The newly acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, reportedly generating sales of around €135 million. It includes a manufacturing plant and advanced R&D facility located in Äänekoski, Finland. The business’s 248 employees will transfer to Nouryon, according to the company.
Last year, Nouryon acquired Zhejiang Friend Chemical Co., a Chinese producer of triethyl aluminum (TEAL), a key polymer catalyst. Earlier this year, Nouryon acquired the merchant TEAL business of Sasol.
For more information, visit: www.nouryon.com