29 Oct '14, 12pm

Johnson Matthey to acquire battery materials business from Clariant: Swiss specialty chemicals giant Clariant

Clariant divests Energy Storage business Johnson Matthey has entered into an agreement to acquire the battery materials business of Clariant for US$75 million, with the deal expected to complete early in 2015. The Energy Storage business of Clariant is the world’s largest producer of hydrothermal lithium iron phosphate (LFP), which is used in lithium-ion cathodes for electric vehicles and stationary battery applications. In 2013 the business, which employs around 100 people, had sales of some CHF16 million (US$17 million), but made an operating loss. Manufacturing, R&D, intellectual property The transaction covers all of the assets of Clariant’s Energy Storage business, including its Canadian manufacturing facility in Candiac, Quebec, an R&D centre and pilot plant in Moosburg, Germany, together with the customer order book and a substantial intellectual property (IP) portf...

Full article: http://www.renewableenergyfocus.com/view/40491/johnson-ma...

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