The J.M. Huber Corp., Edison, NJ, purchased hydrocolloid producer CP Kelco ApS from Lehman Brothers Merchant Banking Partners II L.P. in July after acquiring a minority ownership stake from Hercules, Inc. in February. Executives said with this acquisition, J.M. Huber has expanded reach in the food, pharmaceutical and personal care segments and increased research and development capabilities. Tom Lamb will become president and chief executive officer of CP Kelco, replacing Bob Toth, who will advise the company during the transitional period.