M&A Deal Summary

Johnson Matthey Acquires Argillon

On February 6, 2008, Johnson Matthey acquired manufacturer Argillon from KKR for 214M EUR

Acquisition Highlights
  • This is Johnson Matthey’s 1st transaction in the Manufacturing sector.
  • This is Johnson Matthey’s largest (disclosed) transaction.
  • This is Johnson Matthey’s 1st transaction in Germany.

M&A Deal Summary

Date 2008-02-06
Target Argillon
Sector Manufacturing
Buyer(s) Johnson Matthey
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 214M EUR

Target

Argillon

Germany
Argillon Group is an international group specialising in catalysts and advanced ceramic materials. The group currently manufactures and sells a range of products into a number of different industries. Argillon has leading catalyst technology which is used to control the emissions of oxides of nitrogen (NOx). Its products include catalysts for mobile and stationary applications including heavy and medium duty diesel vehicles; stationary diesel engines; marine applications; and coal, oil and gas fired turbines in power stations.

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Buyer(S) 1

Buyer

Johnson Matthey

London, United Kingdom

Category Company
Founded 1817
Sector Chemicals
Employees11,685
Revenue 12.8B GBP (2024)
DESCRIPTION

Johnson Matthey is a specialty 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 worldwide. Johnson Matthey was founded in 1817 and is based in London, England.


DEAL STATS #
Overall 7 of 12
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 6 of 7
Country (Germany) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Johnson Matthey - Ceramics Division

Spain

The Ceramics Division, headquartered in Spain, is a leading global supplier of raw materials and intermediate products to the tile and sanitaryware industries. The business has a presence in all the major geographical regions with core manufacturing facilities in Spain, Italy, UK, Brazil, USA, Malaysia, India and China.

Sell £153M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-16 Johnson Matthey - Vertec

United Kingdom

Johnson Matthey - Vertec is a world-leading VERTEC range of adhesion promoters enables printing inks to bond with the polymer surface and withstand heat, cold, solvents and other rigours of printing, packing, storage and handling by consumers. Without them the print would not stick.

Sell £5M

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 24 of 207
Sector (Manufacturing) 2 of 4
Type (Add-on Acquisition) 6 of 67
Country (Germany) 5 of 16
Year (2008) 1 of 2
Size (of disclosed) 36 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-14 Legg Mason

Baltimore, Maryland, United States

Legg Mason, Inc. is an asset management firm, providing active asset management in many major investment centers throughout the world. Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason was formed in 1899 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-27 Solocal Group

Boulogne-Billancourt, France

Solocal Group is a digital local communication company serving European small businesses. Solocal Group was founded in 1896 and is based in Boulogne-Billancourt, France.

Sell -