In response to the global financial crisis, CEO Michael Marberry accelerates Huber’s transition to the specialty products company. As a result, Huber exits the energy industry in 2011 and sells its timber properties to improve cash flow. Huber Resources Corp arranges long-term contracts to manage many of the properties for their new owners.
HEM’s 2012 asset purchase of the business now known as Huber Specialty Hydrates becomes core part of its FRA unit, bolstered in 2016 by the acquisition of Martinswerk, which establishes HEM as a global FRA leader.
Huber marks its 135th anniversary in 2018. The Huber portfolio today consists of CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp.