Industry News

Johnson Matthey Acquires Synetix from ICI

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Johnson Matthey has completed its acquisition of the Synetix division of Imperial Chemical Industries PLC (ICI) in all territories except India. Completion of the purchase of those Synetix businesses which are owned by ICI India Limited remains subject to the approval of ICI India Limited’s shareholders. This is expected before the end of 2002.      In September, ICI had agreed to sell its catalyst business, Synetix, to Johnson Matthey plc for a total of £260 million ($404 million) in cash. Ne...

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