LONDON: Johnson Matthey Plc has agreed to sell its Catalyst Technologies business to Honeywell International Inc. for £1.8 billion ($2.3 billion) in an all-cash deal, the British specialty chemicals company announced Tuesday. The transaction, expected to close in the first half of 2026, will net Johnson Matthey approximately £1.6 billion after adjustments. The company plans…
Tag: Johnson Matthey
Johnson Matthey to sell Medical Device Components business to Montagu for $700 million
LONDON, UK: Johnson Matthey Plc (JM) has signed a definitive agreement to sell 100% of its Medical Device Components business (MDC) to Montagu Private Equity for cash consideration of US$700 million (£550 million) on a cash free debt free basis. The Medical Device Components business produces components for medical device manufacturers globally with a focus…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
Johnson Matthey and Hystar partner for green hydrogen
LONDON, UK: Johnson Matthey (JM), a global leader in sustainable technologies, and Hystar, a Norwegian high-tech hydrogen company, have signed a three-year strategic supply agreement to ramp up renewable (green) hydrogen production. This delivers on JM’s published milestone of winning at least two strategic partnerships in Hydrogen Technologies. JM will supply membrane electrode assemblies (MEAs),…
Johnson Matthey sells its Health business to Altaris Capital for £325mn
LONDON, UK: Johnson Matthey Plc (JM), a global leader in sustainable technologies, has entered into an agreement for the sale of its Health business to Altaris Capital Partners for a total consideration of £325 million representing an implied transaction multiple of 9.8x underlying EBITDA of £33.0 million for the 12 months to 30th September 2021….
Johnson Matthey offloads AGT to Fenzi Group for £178mn
LONDON, UK: Johnson Matthey (JM) announced the sale of its Advanced Glass Technologies (AGT) business to Fenzi Group for £178 million payable in cash at completion on cash free, debt free basis and subject to customary completion accounts adjustments. AGT is a leading global provider of specialist glass enamels and precious metal pastes supplied mainly…
Johnson Matthey appoints Stephen Oxley as Chief Financial Officer
LONDON: Johnson Matthey announced that Stephen Oxley will join the company’s board on 1st April 2021 as Chief Financial Officer (CFO). On the same date, Karen Hayzen-Smith will step down as interim CFO and continue in her role as Group Financial Controller. Stephen joins us from KPMG, where he is a Partner. He brings experience…
Johnson Matthey
Johnson Matthey (LSE: JMAT) is a British multinational speciality chemicals and sustainable technologies company headquartered in the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. Type: Public limited company Traded as: LSE: JMAT; FTSE 100 Component Industry: Chemicals; Precious metals Founded: 1817; 203…