Published by Global Banking & Finance Review®
Posted on May 21, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on Google
Johnson Matthey is in advanced talks to sell its Catalyst Technologies division, with Honeywell reportedly nearing a $2.42 billion acquisition deal.
(Reuters) -Britain's Johnson Matthey said on Wednesday that it is in advanced discussions over a potential sale of its Catalyst Technologies division, confirming an earlier media report.
Sky News first reported the development. The Financial Times separately reported that U.S. industrial conglomerate Honeywell is nearing a 1.8 billion pounds($2.42 billion) all-cash deal to acquire Johnson Matthey's catalyst unit.
Reuters couldn't immediately confirm the reports.
($1 = 0.7451 pounds)
(Reporting by Bipasha Dey in Bengaluru; Editing by Vijay Kishore)
Johnson Matthey is in advanced discussions to potentially sell its Catalyst Technologies division.
U.S. industrial conglomerate Honeywell is nearing a deal to acquire the Catalyst Technologies division for approximately 1.8 billion pounds.
Honeywell is looking at an all-cash deal to acquire Johnson Matthey's Catalyst Technologies unit.
Sky News was the first to report the development regarding the potential sale.
Reuters could not immediately confirm the reports regarding the acquisition.
Explore more articles in the Finance category
