M&A Deal Summary

Johnson Matthey Acquires Cascade Biochem

On October 18, 2002, Johnson Matthey acquired chemicals company Cascade Biochem

Acquisition Highlights
  • This is Johnson Matthey’s 2nd transaction in the Chemicals sector.
  • This is Johnson Matthey’s 1st transaction in Ireland.

M&A Deal Summary

Date 2002-10-18
Target Cascade Biochem
Sector Chemicals
Buyer(s) Johnson Matthey
Deal Type Add-on Acquisition

Target

Cascade Biochem

Little Island, Ireland
Cascade employs 30 people, mainly highly skilled chemists, at its small scale manufacturing facility in Cork, Ireland and at its research and development laboratories on the university campus at Reading, UK. The Cork facility is cGMP compliant and was approved for API manufacture by the US FDA in May 2001.

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Buyer(S) 1

Buyer

Johnson Matthey

London, United Kingdom

Category Company
Founded 1817
Sector Chemicals
Employees10,644
Revenue 11.7B GBP (2025)
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 4 of 12
Sector: Chemicals M&A 2 of 5
Type: Add-on Acquisition M&A Deals 4 of 7
Country: Ireland M&A 1 of 1
Year: 2002 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-11 Avocado Research Chemicals

London, United Kingdom

Avocado has an excellent reputation as a supplier of specialised organic chemical products via its well-established catalogue. It also provides a custom synthesis service and sales of semi-bulk quantities of chemicals to its customers who are predominantly in the fine chemical and pharmaceutical industries as well as serving contract and academic research.

Buy £25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-02 Synetix

United States

Synetix is a global catalyst business which serves a range of market segments including ammonia, methanol, fine chemicals, edible oils, oleochemicals, oil and gas and polymerisation.

Buy -