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Johnson Matthey agrees to acquire SCR catalyst producer Cormetech

This article was originally posted on Chemical Engineering Online.
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Summary
Johnson Matthey has agreed to acquire CORMETECH, a leading U.S. producer of selective catalytic reduction (SCR) catalysts used to control emissions in stationary power generation and industrial applications. The deal is for an enterprise value (amount not shown in the provided excerpt).

What impact do you think this acquisition could have on NOx-reduction technologies and emissions control across power and industrial sectors in the U.S.?

Johnson Matthey Plc (JM; London, U.K.; www.matthey.com) announced that it has reached an agreement to acquire CORMETECH Inc. (Durham, N.C.; www.cormetech.com), a leading U.S. manufacturer of selective catalytic reduction (SCR) catalysts providing emissions control for stationary power generation and industrial applications. Under the terms of the Transaction, JM will acquire Cormetech for an enterprise value […]

The post Johnson Matthey agrees to acquire SCR catalyst producer Cormetech appeared first on Chemical Engineering.

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