Johnson Matthey, a London-based specialty chemicals company, announced today that it completed the purchase of the business and assets of Catacel Corporation.
Catacel, based in Ohio, USA, is an innovative supplier of novel technology centered on the use of metal foil-coated catalysts and sorbents to a range of process industries. Its products include high-heat-transfer catalyst technology for hydrogen and syngas production and fuel processing systems for stationary fuel cells.
Catacel’s business will be integrated into Johnson Matthey’s Process Technologies Division and will have access to the wider resources of the Johnson Matthey group, including its global network of research and technology centers with their world-leading development and characterisation facilities. Being part of Johnson Matthey will provide Catacel with the financial stability and scale of operations required to achieve its potential within its target markets.
Commenting on the transaction, William Whittenberger, Catacel’s President and Chief Technology Officer, said: “We are delighted to become a part of the world-renowned Johnson Matthey organization. This is an outcome that we have long contemplated, owing to the fit between these companies and the mutual benefits we bring to one another. Catacel has strong and impactful technology for process industries and the fuel cell market. Together with Johnson Matthey, we will continue to develop and improve heat-exchanging catalytic material solutions that are valued by our customers.”
Catacel’s SSR® (Stackable Structural Reactor) technology is a novel, patented, catalyst technology for steam methane reforming that can deliver fuel savings or throughput increases in tubular reformers. Johnson Matthey is a leading supplier of catalyst technology to steam reformers in the hydrogen, methanol and ammonia markets. The further development and optimisation of Catacel’s SSR technology will enable Johnson Matthey to offer its customers an enhanced range of market-leading catalyst technologies for hydrogen or syngas manufacture.
Catacel also has a strong position in coated catalysts and reactor systems for fuel processing for stationary fuel cells. Johnson Matthey will look to identify technical and commercial synergies within its current businesses to assist and accelerate growth in this market.