Honeywell Acquires Johnson Matthey Catalyst Business
Honeywell Technology completed the acquisition of Johnson Matthey's catalyst technology business for £1.325 billion, strengthening its position in refining, petrochemicals, and renewable fuels.
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Honeywell Technology completed the acquisition of Johnson Matthey's catalyst technology business for £1.325 billion, strengthening its position in refining, petrochemicals, and renewable fuels.
London's FTSE 100 rose supported by financials and miners, with chemicals gaining 2.5%. Johnson Matthey jumped 4.9% after receiving Chinese approval to divest its catalyst technology business to Honey
Thyssenkrupp Uhde and Johnson Matthey modernized Igsas's ammonia converter in Turkey, boosting production by 13% to restore full nameplate capacity. The upgrade reduced energy consumption and improved
Johnson Matthey reported a £91 million net loss for FY2026 but forecasts low-to-mid single-digit operating profit growth for FY2027, excluding catalyst technology sales to Honeywell and new refinery i
Johnson Matthey agreed to acquire Cormetech Inc. for $360 million to expand its clean air solutions business. The deal, closing mid-2026, aims to generate $20 million in annualized synergies using Cor
Guangdong Liquid Sunshine selected Johnson Matthey for a 75,000-ton/year biomethanol plant in Guangxi using proprietary catalyst and gasification tech, aligning with China's green fuel mandates.
Johnson Matthey and Honeywell have amended the terms of their catalyst technology business acquisition, reducing the transaction value to £1.325 billion with an expected closing by the end of August.
Johnson Matthey has opened a hydrogen internal combustion engine facility at its Gothenburg site in Sweden, expanding its testing capabilities for clean energy technologies.
Johnson Matthey has appointed Alastair Judge as its new Chief Financial Officer effective January 1, replacing Richard Pike. Pike will transition to the role of Chief Operating Officer on the same dat
Johnson Matthey swung to a net loss driven by impairment costs and higher taxes. Sales declined due to lower global vehicle production, and the company confirmed its updated outlook.