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Acquisition Broadens Nouryon’s CMC Portfolio

July 7, 2020
Nouryon completes acquisition of CMC business of J.M. Huber Corporation.

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

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