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Business
Johnson Matthey Exits Metal Refining
by Alexander H. Tullo
December 22, 2014
| A version of this story appeared in
Volume 92, Issue 51
Johnson Matthey has agreed to sell its gold and silver refining business to Japan’s Asahi Holdings for $186 million. The company operates precious-metal scrap refineries in Brampton, Ontario, and Salt Lake City and a metal casting plant in St. Catharines, Ontario. Matthey says it is selling the business “to focus on areas where we can use our expertise in chemistry and its applications to deliver high-technology solutions.”
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