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Mergers & Acquisitions
Johnson Matthey to sell medical device component unit
by Alex Scott
March 28, 2024
| A version of this story appeared in
Volume 102, Issue 10
Johnson Matthey (JM), the world’s largest producer of automotive catalytic converters, will sell its medical device components business to the UK’s Montagu Private Equity for $700 million. The business makes medical device components featuring precious metal alloys or the shape-memory alloy nitinol. It has facilities in Australia, Mexico, and the US. JM says the sale will conclude the divestment of a series of businesses, including one making battery materials.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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