07.02.08

Cartel Office Approves Sale of Argillon Group

Acquisition by Johnson Matthey now completed, 6 Feb 2008. The contract signed in December last year between Ceramics Luxembourg 2(f) S.à r.l., a subsidiary of Demag Holding S.à r.l., Luxemburg, for the sale of the Argillon Group to Johnson Matthey Plc, London, now has legal effect following the approval granted by the Cartel Office late last week.

Johnson Matthey is a specialist chemical company whose head office is in Royston, UK and which focuses on catalysts, precious metals, fine chemicals and process technology.

Dr. Georg Weyer, Chairman of Argillon's executive board said, "We've been expecting this decision and we're looking forward to the future within a multinational group. As part of the Johnson Matthey group Argillon will have good opportunities to continue to grow. Argillon's business units in turn will complement the Johnson Matthey product range exceptionally well."

Redwitz, 7 February 2008
 

About Argillon
Argillon Group is a diversified international company with profound competencies in advanced ceramic materials. Argillon develops and manufactures a variety of engineered ceramics such as high, medium and low voltage insulators, innovative piezo ceramics as well as alumina components. A significant portion of Argillon's business focuses on environmental applications such as catalytic converters (catalysts) to reduce nitrogen oxide (NOx) emissions, particularly in coal fired power plants, stationary diesel engines as well as heavy and medium duty diesel trucks.
Demag Holding S.à r.l., 81% of which is owned by venture capital funds which are advised by Kohlberg Kravis Roberts & Co. L.P. (''KKR''), acquired Argillon from Siemens AG together with six other companies in 2002. Since then, Argillon has pushed ahead once again with future-oriented innovations, successfully strengthened its international presence and thus increased its business volume and number of employees. In financial year 2006/2007 (ending 30 September 2007) Argillon's total business volume amounted to just under €160 million. The company employed approximately 1,500 people worldwide.

About Johnson Matthey
Founded in 1817, the group's principal activities today are the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining, and fabrication of precious metals. In catalysis, Johnson Matthey is a world leader in the manufacture of catalysts for vehicle exhaust emissions control and a leader in catalyst systems for the reduction of volatile organic compound emissions from industrial processes. In fiscal year 2006/07, Johnson Matthey reported revenues of £6,152m and employed approx. 7,800 people in more than 30 countries (For more information please visit www.matthey.com).

About KKR
Established in 1976, KKR is a leading global alternative asset manager. The core of the Firm's franchise is sponsoring and managing funds that make private equity investments in North America, Europe, and Asia. Throughout its history, KKR has brought a long-term investment approach to portfolio companies, focusing on working in partnership with management teams and investing for future competitiveness and growth. Additional funds that KKR sponsors include KKR Private Equity Investors, L.P. (Euronext Amsterdam: KPE), a permanent capital fund that invests in KKR-identified investments; and two credit strategy funds, KKR Financial (NYSE: KFN) and the KKR Strategic Capital Funds, which make investments in debt transactions. KKR has offices in New York, Menlo Park, San Francisco, London, Paris, Hong Kong, and Tokyo (www.kkr.com).

Contact:
Karl Heinrich Moll
Director Human Resources
Tel.: 09574/81-249
Fax: 09574/81- 610

Press:
Ruth Witteler-Koch
Tel.: 09574/81-233
Fax: 09574/81- 646
presse(at)argillon.com

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