Johnson Matthey completes acquisition of battery materials business from Clariant
Johnson Matthey, a global leader in sustainable technologies, announces that on 28th February 2015 it completed the acquisition of the battery materials business of Clariant AG (Clariant) for US $75 million. This completes the transaction which was first announced on 29th October 2014.
Commenting on the transaction, Robert MacLeod, Chief Executive of Johnson Matthey said: "The further strengthening of our battery technologies capability is a key milestone in the development of our New Businesses Division. It marks an important step in Johnson Matthey's long term strategy to establish new businesses in adjacent markets with strong growth potential that align with our technology competences."