March 9 2021, David R Brown
IMCD to divest its Nutri Granulations Business to J.M. Huber Corporation
IMCD N.V., a leading distributor of speciality chemicals and ingredients, 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 GranulationsMarcus Jordan
President of IMCD Americas
“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.”
About IMCD N.V.
IMCD is a market-leader in the sales, marketing and distribution of speciality chemicals and food ingredients. Its result driven professionals provide market-focused solutions to suppliers and customers across EMEA, Asia-Pacific and Americas, offering a range of comprehensive product portfolios, including innovative formulations that embrace industry trends. Listed at Euronext, Amsterdam (IMCD), IMCD realised revenues of EUR 2,7445 million in 2020 with more than 3,200 employees in over 50 countries on 6 continents. IMCD's dedicated team of technical and commercial experts work in close partnership to tailor best in class solutions and provide value through expertise for around 49,000 customers and a diverse range of world class suppliers.
Source(s): IMCD Press Release