Johnson Matthey sells 'non-core' businesses

Johnson Matthey sells ‘non-core’ businesses

Johnson Matthey, a specialist in advanced materials technology, has completed the sale of two non-core businesses. Ceramic Insulators and Alumina, which were acquired as part of Argillon Group in February, have been sold to Lapp Insulator GmbH & Co, a producer of insulators, for €21 million (£17 million) in cash and a €2 million vendor loan note

Raven Connelly

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses. More by Raven Connelly