Johnson Matthey snaps up Clariant energy storage business
The Energy Storage business of Clariant is the largest hydrothermal Lithium Iron Phosphate (LFP) producer in the world. The lithium ion cathode material is used in electric vehicles and stationary battery applications. In 2013 the Energy Storage business generated around CHF 16 million in sales. The business employs around 100 employees predominantly in Canada and Germany.
Robert MacLeod, Chief Executive of Johnson Matthey said: “This acquisition provides us with a strong position in LFP from which to develop a broad portfolio of battery materials. It further strengthens our battery technologies capability which marks an important step in Johnson Matthey’s long term strategy to establish new business areas.”
Earlier this month Johnson Matthey completed the acquisition of A123 Systems LLC’s facilities in Changzhou, China that produce lithium iron phosphate (LFP), the cathode material that A123 has historically used across its product portfolio. The companies have entered into a long term supply agreement where Johnson Matthey will supply all of A123’s LFP requirements.
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Johnson Matthey acquires battery materials assets from A123
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