Johnson Matthey to buy SCR catalyst maker Cormetech for $360 million
- Johnson Matthey agreed to buy US-based Cormetech, a maker of selective catalytic reduction catalysts for stationary power and industrial emissions control.
- Deal values Cormetech at an enterprise value of USD 360 million, payable in cash at completion.
- Completion is targeted for late June or July 2026, subject to customary regulatory approvals.
- Cormetech is expected to post strong growth in 2026/27, supported by a medium-term project pipeline of about USD 1 billion.
- The purchase is intended to expand Johnson Matthey’s Clean Air Solutions footprint in stationary emissions control, including demand tied to US data-center buildouts.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Johnson Matthey plc published the original content used to generate this news brief on May 28, 2026, and is solely responsible for the information contained therein.
