On 17 July 2026, Johnson Matthey plc ("JM") completed the sale of its Catalyst Technologies ("CT") business to Honeywell International Inc. ("Honeywell") for an enterprise value of £1,325 million on a cash and debt-free basis.
CT is a global provider of catalysts and process technologies that enable decarbonisation of the chemical and energy industries and the production of essential chemicals and sustainable fuels.
JM expects to return £1billion of net sale proceeds to its shareholders, comprising £800 million through a special dividend with share consolidation, and £200 million through an on-market share buyback programme.
The transaction represents a significant milestone for JM as it transforms into a focused, lean and cash generative group, underpinned by world-leading PGM expertise.
The CT team has made a significant contribution to JM over the years and is set for continued success as part of Honeywell.
Enquiries:Investor Relations
Louise Curran, Head of Investor Relations +44 20 7269 8218
Media
Gill Corish, Head of External Communications (Interim), +44 20 7269 8218
Guy Bates, Kekst CNC, +44 20 7581 056 415