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Johnson Matthey Sells Vertec Business to Indian Firm

1:52 AM MDT | August 17, 2010 | Natasha Alperowicz

Johnson Matthey says it has agreed to sell its Vertec business to Dorf Ketal Chemicals AG, a subsidiary of Dorf Ketal Chemicals (India) (Mumbai) for £4.6 million ($7.2 million). The transaction is subject to regulatory clearance and is expected to be completed by 30th September, 2010. Vertec makes organo-titanates for use as catalysts in esterification processes. They are most commonly used in the production of plasticizers, acrylates, fine chemical intermediates, specialty esters, unsaturated polyesters and amides. Dorf Ketal Chemicals is one of the...

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