Johnson Matthey acquires Sponge Nickel catalyst market leader
Johnson Matthey has acquired the US-based AMC Group of companies, the global market leader in Sponge Nickel catalysts, for US$43m.
Johnson Matthey has acquired the US-based AMC Group of companies, the global market leader in Sponge Nickel catalysts, for US$43m.
These nickel catalysts are used extensively in hydrogenation and reductive alkylation reactions throughout the pharmaceutical industry. They are often the first catalyst to be evaluated when designing a new process.
'AMC is an excellent fit with our existing process catalyst businesses,' said Chris Clark, chief executive of Johnson Matthey. 'The acquisition will bring important benefits for both Johnson Matthey's existing customers and those of AMC, providing access to our extensive range of chemical process catalysts and services.'
AMC had sales of $24m in 2003 and employs 55 people at its facilities near Knoxville, Tennessee.