Johnson Matthey completes acquisition of CORMETECH Inc. catalyst maker

admin — Thu, 23 Jul 2026 00:00:00 +0000

Johnson Matthey has completed its acquisition of CORMETECH Inc., a US manufacturer of Selective Catalytic Reduction (SCR) catalysts serving over 400 customers, following satisfaction of customary closing conditions including all regulatory approvals. The combined Clean Air Solutions business is expected to generate sales in excess of £200 million and an operating margin of at least mid-teens in 2026/27. The deal targets US power generation demand driven by data centre construction, alongside tightening emissions regulations.

Why it matters

Adds Cormetech's SCR catalyst portfolio and gas turbine IP to Johnson Matthey's Clean Air Solutions, strengthening its competitive position in US power generation emission control as data centre-driven demand grows.

Key facts

Companies	Johnson Matthey, CORMETECH Inc., Clean Air Solutions
Chemicals	Selective Catalytic Reduction (SCR) catalysts
Location	United States
Timing	23 July 2026, 2026/27
Partners	CORMETECH Inc.
End uses	Power generation, Industrial, refining and petrochemical emissions control, Data centres

Market context

Selective catalytic reduction catalysts are used to cut nitrogen oxide emissions from flue gas, typically in power plants, industrial boilers, refineries and petrochemical units. They are usually based on titanium dioxide supports loaded with active metal oxides such as vanadium or tungsten, and they operate with ammonia or urea as the reducing agent. Demand is shaped mainly by emissions rules, the age and replacement cycle of installed fleets, and new gas-fired generation capacity. Catalyst supply is concentrated among a small number of specialist producers, so acquisitions of established manufacturers can shift share and strengthen the position of the acquirer in regulated end markets. Catalyst life and replacement schedules also make aftermarket sales a steady component of revenue. Growth in data centre construction has increased interest in on-site power generation, which can raise demand for emission control systems in regions with strict air permits.

Source: official release on matthey.com. Summary and context written by Market Krystal.

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Johnson Matthey completes sale of Catalyst Technologies to Honeywell

admin — Fri, 17 Jul 2026 00:00:00 +0000

Johnson Matthey plc completed the sale of its Catalyst Technologies business to Honeywell International Inc. on 17 July 2026 for an enterprise value of £1,325 million on a cash and debt-free basis. CT provides catalysts and process technologies used in decarbonising the chemical and energy industries, producing essential chemicals and sustainable fuels. Johnson Matthey expects to return £1 billion of net sale proceeds to shareholders, including an £800 million special dividend with share consolidation and a £200 million on-market share buyback.

Why it matters

Honeywell takes over a global catalyst and process technology provider, shifting ownership of licensed catalysts used in chemical and sustainable fuel production, while Johnson Matthey refocuses on PGM expertise.

Key facts

Companies	Johnson Matthey plc, Honeywell International Inc., Catalyst Technologies
Investment	Enterprise value £1,325 million, cash and debt-free basis; £1 billion net sale proceeds to be returned to shareholders (£800 million special dividend with share consolidation, £200 million on-market share buyback)
Timing	2026-07-17
Partners	Honeywell International Inc.
End uses	chemical industry, energy industry, sustainable fuels
Chemicals	Catalysts for ammonia, hydrogen and methanol production, Sustainable aviation fuel catalysts

Market context

Catalysts are substances that speed up chemical reactions without being consumed, and they are central to producing many bulk and specialty chemicals, including ammonia, hydrogen, methanol and polymer precursors. Licensed catalyst and process technology packages are typically sold together with engineering know-how, so the owner of the technology often shapes which catalysts plant operators specify over long periods. Demand for such technologies is driven by the chemical industry's need to lower emissions and by growing interest in sustainable fuels, where catalytic routes convert feedstocks such as biomass or captured carbon into liquid fuels. Changes in ownership of a licensing business can affect competition among catalyst suppliers, influence licensing terms and shape how quickly new process designs reach the market. For buyers and investors, the key questions usually concern continuity of technology support, product availability and how the new owner integrates the business into its wider portfolio.

Source: official release on matthey.com. Summary and context written by Market Krystal.

The post Johnson Matthey completes sale of Catalyst Technologies to Honeywell appeared first on Market Krystal.

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Johnson Matthey completes acquisition of CORMETECH Inc. catalyst maker

Key facts

Market context

Johnson Matthey completes sale of Catalyst Technologies to Honeywell

Key facts

Market context