Johnson Matthey to Sell Alfa Aesar to Thermo Fisher Scientific
Johnson Matthey recently announced that it has agreed to divest its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific Inc. for £256 million (~ $402 million) in cash, subject to typical post-closing adjustments. The transaction is expected to be completed by the end of the 2015 calendar year, subject to satisfaction of typical pre-closing conditions.
Johnson Matthey’s Research Chemicals business, which operates globally under the Alfa Aesar brand, is a supplier of over 46,000 specialty chemicals into both industry and academic institutions in small-scale research quantities via its catalogue. The business has a global network of operations with eight core sites supported by five stand-alone sales offices. In total, the business employs approximately 480 people and is part of Johnson Matthey’s Fine Chemicals Division.
“On behalf of Johnson Matthey, I would like to thank the employees of Alfa Aesar for their hard work over the years,” said Julie Butterfield, global general manager of Alfa Aesar. “I believe this is an exciting step in the further growth of our business, and we look forward to working with Thermo Fisher Scientific in the future.”