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Business

Perstorp Catalysts Go To Johnson Matthey

by Michael McCoy
April 8, 2013 | A version of this story appeared in Volume 91, Issue 14

British catalyst maker Johnson Matthey has acquired the Formox formaldehyde catalyst business from Sweden’s Perstorp for about $160 million. The business, which makes and recycles metal oxide catalysts that convert methanol into formaldehyde, had sales last year of about $75 million. Johnson Matthey says the purchase enhances its supply of technology for syngas and other chemical processes. It also sees use for Formox’ selective oxidation catalysis technology in other areas.

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