Materia, Inc. sells catalyst business to Umicore
12/20/2017 8:19:28 AM
PASADENA, Calif. — Materia, Inc., a leading supplier of high performance catalysts and advanced polymers, has entered into an agreement to sell its catalyst business to Umicore, a global materials technology and recycling company with a strong presence in precious metal catalysts headquartered in Brussels, Belgium.
Materia will focus solely on its growing Proxima resins business which leverages Grubbs Catalyst technology to produce high performance thermoset resins that are formulated to meet customer needs in demanding 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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