1661880249883 Finlandsite1

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

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.