The separation is expected to be completed by early Q3, following the receipt of all relevant approvals, including final Board approval. Nouryon intends to reduce its own debt with proceeds received from a planned external financing by Nobian.
When completed, the transaction will result in two separate companies, each well positioned for growth in their respective focus areas:
- Nouryon, a global leader providing essential, sustainable solutions for manufacturing everyday products. These include personal care, cleaning goods, paints and coatings, agriculture and food, pharmaceuticals, and building products. The company employs about 7,900 people (excluding Nobian) in over 80 countries and had revenues in 2020 of €3.7 billion.
- Nobian, a European leader in the production of essential base chemicals for industries ranging from construction and cleaning to pharmaceuticals and water treatment. The company employs about 1,600 people and had revenues in 2020 of €1.0 billion.
Image: Nouryon/Chemie Park Delfzijl
