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Noviant

Status
Realised
Country
Finland
Strategy
Mid Cap
Sector
Industrials
Entry
Dec-96
Exit
Jul-01
Fund
IK 1994

World leading producer of CMC

Noviant, formerly MSC Metsa Specialty Chemicals, is the global market leader in the development and production of carboxymethyl cellulose (CMC).

CMC is a water soluble polymer, marketed for a large variety of applications including paper coating, food, pharmaceuticals, oil drilling and detergents. The material is used extensively in food formulations, such as dressings, ice creams, baked goods, puddings and sauces, to stabilise, thicken, and bind.

Based in Finland, Noviant employs approximately 450 people.

In December 1996, Noviant was acquired from Metsä-Serla Corporation (today M-Real) via the IK 1994 Fund. It was subsequently sold to the J.M. Huber Corporation in July 2001, and it now operates under CP Kelco, another portfolio company of the Corporation.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Develop new application areas for CMC;
  • Increase capacity substantially; and
  • Further strengthen cost and market leadership position.