Umicore buys Materia’s catalyst business

Umicore buys Materia’s catalyst business
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Materia Inc., a Pasadena, California-based supplier of catalysts and polymers, has entered into an agreement to sell its catalyst business for $27 million to Umicore, a global materials technology and recycling company headquartered in Brussels.

Umicore has a strong presence in precious metal catalysts. The company says through this acquisition, it will broaden its range of catalyst technologies, expand its homogeneous catalysts offer and gain access to an extended customer base.

“The combined metathesis portfolios will provide Umicore’s customers full access to proprietary, patent protected cutting-edge technology. The activity will be integrated in Umicore’s Precious Metals Chemistry business unit,” according to a press release announcing the purchase.

“This acquisition is highly complementary with Umicore’s nonautomotive catalyst business, which is focused on high-end pharma and fine chemical applications,” says Pascal Reymondet, executive vice president catalysis. “It enables us to support our customers with a broader product, service and IP portfolio and it will contribute to establishing Umicore as one of the recognized leaders in homogeneous catalysts.”

Materia says it will focus solely on its growing Proxima resins business, which leverages Grubbs Catalyst technology to produce what the company says are “high performance thermoset resins that are formulated to meet customer needs in demanding applications.”

“This is an ideal complement to Umicore’s portfolio and enables Materia to concentrate on the growth of its resins business,” says Materia CEO Nitin Apte. “Materia has a proud history of leading innovation, and the Grubbs Catalyst technology has transformed the landscape of synthetic chemistry. Our Proxima resins business is growing in market applications ranging from oil and gas exploration and production, electronics packaging, advanced composites and a variety of industrial applications that require a balance of performance and cost.” 

Materia will have a long-term mutually exclusive supply agreement for catalysts for use in resins applications.

Umicore will acquire Materia’s exclusive metathesis catalyst intellectual property portfolio and will serve customers purchasing these catalysts.

The transaction is expected to be completed in January 2018.

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Source: Recycling Today
Umicore buys Materia’s catalyst business
<![CDATA[Materia Inc., a Pasadena, California-based supplier of catalysts and polymers, has entered into an agreement to sell its catalyst business for $27 million to Umicore, a global materials technology and recycling company headquartered in Brussels. Umicore has a strong presence in precious metal catalysts. The company says through this acquisition, it will broaden its range of catalyst technologies, expand its homogeneous catalysts offer and gain access to an extended customer base. “The combined metathesis portfolios will provide Umicore’s customers full access to proprietary, patent protected cutting-edge technology. The activity will be integrated in Umicore’s Precious Metals Chemistry business unit,” according to a press release announcing the purchase. “This acquisition is highly complementary with Umicore’s nonautomotive catalyst business, which is focused on high-end pharma and fine chemical applications,” says Pascal Reymondet, executive vice president catalysis. “It enables us to support our customers with a broader product, service and IP portfolio and it will contribute to establishing Umicore as one of the recognized leaders in homogeneous catalysts.” Materia says it will focus solely on its growing Proxima resins business, which leverages Grubbs Catalyst technology to produce what the company says are “high performance thermoset resins that are formulated to meet customer needs…