J.M. Huber Buys Agrichemical Manufacturing Firm Miller
March 5, 2019
A subsidiary of the J.M. Huber Corporation, Huber Engineered Materials (HEM), finalized details to purchase agrichemical manufacturing firm Miller Chemical & Fertilizer LLC from investment firm Dunes Point Capital LP, a company press release announced Tuesday. Terms of the transaction were not disclosed.
Established in 1937, Miller is based in Hanover, PA and also operates a manufacturing facility there. The company produces crop protection and nutritional agrichemical solutions that are distributed across over 90 countries.
“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,” Dan Krawczyk, president of HEM, said in a statement. “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.”
About 100 workers are currently employed at Miller. J.M. Huber plans to retain the company’s current management team and workforce, integrating the company as a business unit of HEM.
“The 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,” J.M. Huber’s president and chief executive officer, Mike Marberry, said in the release. “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.”
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