IMCD to divest its Nutri Granulations Business to J.M. Huber Corporation
09 März 2021 - 07:00AM
IMCD to divest its Nutri Granulations Business to J.M. Huber
Corporation
ROTTERDAM, The Netherlands (9 March 2021) – IMCD N.V.
(“IMCD” or “Company”), a leading distributor of speciality
chemicals and ingredients, today announces that it has reached an
agreement to sell its Nutri Granulations manufacturing asset and
associated business to Huber Engineered Materials (“HEM”), a
division of J.M. Huber Corporation (“Huber”).
“Huber is an important supplier partner for IMCD and we are
delighted to reach an agreement on the sale of Nutri Granulations,”
says Marcus Jordan, Americas President, IMCD. “HEM is a favorable
long-term fit for Nutri Granulations and this agreement aligns with
IMCD’s strategy to focus on the sales, marketing, and distribution
of speciality chemicals and ingredients.”
Located in La Mirada, CA, with 22 employees, Nutri Granulations
manufactures food grade and USP grade calcium carbonate
granulations for the nutraceuticals, food, over-the-counter, and
pharmaceuticals markets. It was acquired by IMCD as part of the
HORN acquisition in 2018.
"We are thrilled to add Nutri Granulations to our portfolio
because their reputation for quality, reliability, and customer
focus aligns perfectly with ours", adds Matt O'Brien, Senior Vice
President and General Manager for HEM’s Ground Calcium Carbonate
strategic business unit. "Also, adding an additional manufacturing
site will support supply security and business continuity for our
customers."
The closing of the transaction is planned for the end of March
2021.
Attached, please find the press release in pdf format.
- Press release_IMCD to divest its Nutri Granulations Business to
J.M. Huber Corporation
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