Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Johnson Matthey acquires Swiss battery materials business for £47m

British chemicals and precious metals company Johnson Matthey has acquired the battery materials business of Swiss chemicals company Clariant AG (Clariant) for £47m.

The transaction, which is expected to complete early in 2015, covers all of the assets of Clariant’s Energy Storage business including its manufacturing facility in Candiac, Quebec, an research and development centre and pilot plant in Moosburg, Germany, together with the customer order book and a substantial IP portfolio.

The business, which employs around 100 people, is a supplier of lithium iron phosphate (LFP) cathode material to the lithium-ion (Li-ion) battery sector for both automotive and non-automotive applications.

For the year ended 31 December 2013, it had sales of around £11m and made an operating loss.

Johnson Matthey chief executive Robert MacLeod said: “The acquisition of Clariant’s battery materials business provides us with a strong position in LFP from which to develop a broad portfolio of battery materials.

“It enhances our battery technologies business, complementing our recently acquired battery materials manufacturing assets and our expertise in battery systems.”

He added: “These, together with our continued investment in battery materials research and development, will support our work to develop the next generation of higher-performance products that can meet the challenging energy storage requirements of batteries for the automotive sector.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.