Johnson Matthey agrees to sell catalyst division to Honeywell for a reduced 1.8 billion dollars
Johnson Matthey agreed to sell its catalyst unit to Honeywell for 1.33 billion pounds today. This final price is lower than the previously agreed valuation.
Insights:
Johnson Matthey Plc announced on February 23, 2026, that it has reached an agreement to sell Johnson Matthey's catalyst technologies business to Honeywell International Inc. for a reduced price of 1.33 billion pounds. This figure represents a significant decrease from the previously agreed price of 1.8 billion pounds. The transaction, which involves operations in the United Kingdom 
GB, has reached the status of being officially announced.
GB, has reached the status of being officially announced.The reduction in the sale price changes the economic value of the transaction for both parties and lowers the expected proceeds available to Johnson Matthey. By shifting from the original 1.8 billion pound agreement to the current 1.33 billion pound valuation, the financial scale of the divestment is materially altered. This company-level impact directly affects the total capital the seller will realize from the sale.
