|
Atlanta, Georgia (U.S.)—March 5, 2019—Huber Engineered Materials (“HEM”), a specialty engineered materials company owned by the J.M. Huber Corporation (“Huber”), announced today it has entered into a definitive agreement with Dunes Point Capital, LP to acquire Miller Chemical & Fertilizer, LLC (“Miller”).
Miller, founded in 1937, has nearly 100 employees and is headquartered in Hanover, Pennsylvania where its manufacturing operations are located. The company manufactures and distributes crop protection and nutritional agrichemical products designed to improve plant and crop production quality and yield. Miller sells its products into the farming and agricultural industries in more than 90 countries via its global sales force of skilled agronomists and distributors, and targets the high value segment of fruits, nuts and vegetables.
“The acquisition of Miller furthers HEM’s mission to build a diverse portfolio of small to medium sized, competitively advantaged businesses in the chemical and mineral markets,” says Dan Krawczyk, President of HEM. “We are excited to welcome Miller’s employees into the HEM organization and work with them to continue to serve their customers globally with world-class products and services.”
The current management team and employees will continue to operate Miller’s operations and serve the company’s customers as a business unit within HEM. Huber looks forward to investing and growing the capabilities of the business for the long-term strategic needs of its customers.
Says Mike Marberry, CEO & President of the J.M. Huber Corporation, “This acquisition is a strategically important step in Huber’s ongoing effort to diversify its overall portfolio with new specialty businesses that can grow and deliver significant value to their customers. This marks a significant milestone in HEM’s history, and we look forward to introducing Miller’s employees to the Huber Principles, and working with them to expand this business on a global basis.”
# # #
About J.M. Huber Corporation
J.M. Huber Corporation, headquartered in Atlanta, Georgia (U.S.), operates as a Portfolio Management Company, which serves as an effective organizational structure for a diverse range of businesses. CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp hold leadership positions in rapidly growing markets such as specialty chemicals and minerals, hydrocolloids and engineered woods, as well as timber management. Founded in 1883, Huber is one of the largest family-owned companies in the U.S. The diversified, multinational company creates products that are used in a broad range of consumer and industrial applications, including fire retardant additives and smoke suppressants, personal care, food, beverage, pharmaceuticals and building materials.
About Huber Engineered Materials
Huber Engineered Materials, headquartered in Atlanta, Georgia (U.S.), is a global business focused on engineered specialty ingredients that enhance the performance, appeal and processing of a broad range of products used in industrial and consumer-based applications. With an expertise in inorganic materials, it has a portfolio of high value products: specialty alumina trihydrate, magnesium hydroxide, molybdate compounds and industrial, food and USP grade calcium carbonate.
|