M&A Deal Summary

Allied Signal Acquires Johnson Matthey - Electronic Materials Division

On August 18, 1999, Allied Signal acquired semiconductors company Johnson Matthey - Electronic Materials Division from Johnson Matthey for 655M USD

Acquisition Highlights
  • This is Allied Signal’s 1st transaction in the Semiconductors sector.
  • This is Allied Signal’s largest (disclosed) transaction.
  • This is Allied Signal’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 1999-08-18
Target Johnson Matthey - Electronic Materials Division
Sector Semiconductors
Buyer(s) Allied Signal
Sellers(s) Johnson Matthey
Deal Type Divestiture
Deal Value 655M USD

Target

Johnson Matthey - Electronic Materials Division

United Kingdom
The Electronic Materials Division (EMD) is a leading supplier of advanced interconnect products and services and semiconductor materials to the global electronics industry. In the year ended 31st March 1999 the Division had sales of £414.7 million and reported an operating profit of £22.1 million. Net operating assets at 31st March 1999 were £262.0 million.

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Buyer(S) 1

Buyer

Allied Signal

Hebron, Kentucky, United States

website

Category Company
Sector Automotive
DESCRIPTION

Allied Signal manafuctures barake pads brake rotors, bearings and drums for engine parts of vehicle.

DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-01 UOP

Des Plaines, Illinois, United States

UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 UOP

Des Plaines, Illinois, United States

UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

Sell $825M

Seller(S) 1

SELLER

Johnson Matthey

London, United Kingdom

website

Category Company
Founded 1817
Sector Chemicals
Employees13,340
Revenue 16.0B GBP (2022)
DESCRIPTION

Johnson Matthey is a speciality chemicals company underpinned by science, technology and our people. A leader in sustainable technologies, many of our products enhance the quality of life for millions of people around the world. Johnson Matthey was founded in 1817 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 10
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 10
Country (United Kingdom) 1 of 6
Year (1999) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-04 Johnson Matthey - Detroit Testing Facility

Detroit, Michigan, United States

Johnson Matthey's technology presence in Detroit, the home of the US automobile industry, which until now has been primarily served by its North American Technology Centre located in the Philadelphia area. It will enhance the company's position as a full service supplier to all its customers in the US and around the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-23 Johnson Matthey Pharma Services

Devens, Massachusetts, United States

Johnson Matthey Pharma Services, Inc. services encompass all areas of research, development and manufacturing, and allows you to realize your next series of milestones. Strong cGMP and regulatory compliance underscores our services for custom synthesis, process development, scale-up, optimization, and method validation

Buy $10M
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