We advised Nouryon Chemicals International B.V., a Carlyle Group investee company, on its acquisition of CP Kelco Oy and certain assets of CP Kelco ApS and J.M. Huber Corporation, which formed the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation. The main asset of the business is a production and R&D facility located in Äänekoski, Finland. The previously announced acquisition was completed on 30 June 2020 after regulatory approvals were obtained.
This transaction will significantly expand Nouryon’s portfolio of CMC products. CMC is a sustainable, bio-based and water-soluble polymer used as a thickener, binder, stabiliser and film former.