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People & Business :: M&A

JM buys Perstorp catalyst and technology business

5:30 PM MDT | April 15, 2013

Perstorp and Johnson Matthey (JM) say that JM has acquired Perstorp’s formaldehyde technology and catalyst business, Formox (Perstorp, Sweden), for 1.05 billion Swedish kronor ($163 million) in cash. Formox is the leading global provider of catalysts, plant designs, and licenses for the manufacture of formaldehyde, the companies say. The business has developed a market-leading range of novel metal oxide–based catalysts for the production of formaldehyde from methanol and is the leading provider of process technology for metal oxide–based...

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