GIC and Carlyle-backed Nouryon completed the acquisition of the carboxymethyl cellulose business of J.M. Huber.

GIC and Carlyle-backed Nouryon, a global specialty chemicals provider, completed the acquisition of the carboxymethyl cellulose business of J.M. Huber, which provides chemicals, additives, and minerals. Financial terms were not disclosed. "We are excited by the opportunity to acquire this high-quality business. With an expansive range of products that complements our existing CMC portfolio, this business will allow us to offer our current and future customers a significantly broader set of solutions. This acquisition also confirms our commitment to investing in sustainable growth platforms. We look forward to welcoming the employees of this business into the Nouryon family," Charlie Shaver, Nouryon Chairman and CEO.