Johnson & Matthey

A Case Study

About Johnson & Matthey

• Johnson Matthey is a leader in sustainable technologies. Many of the group’s products enhance the quality of life of millions through their beneficial impact on the environment, human health and wellbeing

History • 1817Percival Norton Johnson establishes business as gold

assayer in London• 1837Percival Norton Johnson took WJ Cock into partnership –

company known as Johnson & Cock• 1851George Matthey joins company to form Johnson & Matthey• 1852Johnson Matthey appointed Official Assayers and Refiners to

the Bank of England• 1860Percival Norton Johnson retired. George Matthey, John Sellon

and Edward Matthey form a partnership called Johnson Matthey and Company

• 1861'Johnson Matthey & Company' approved as refiners to Bank of England

• 1901Preference shares listed on London Stock Exchange• 1919Acquired Johnson Matthey & Co. Inc – USA, Johnson Matthey

& Co – Birmingham Branch, Hadyn Park Works

Johnson & Matthey in 19-20 century

• 2000-2004The company opens a new platinum group metal catalyst manufacturing plant in Taloja, India and acquires the AMC Group of companies and Lancaster Synthesis. The Pigments and Dispersions business is sold. Johnson Matthey celebrates 30 years in the development of autocatalysts

• 2013Johnson Matthey acquires Formox, a leading global provider of catalysts, plant designs and licences for the manufacture of formaldehyde. The company’s technologies complement Johnson Matthey’s existing strengths in process catalysts and in plant design and licensing              

• 2010New emission control catalyst manufacturing facilities are opened in Macedonia, Smithfield in the USA and Shanghai, China. Johnson Matthey acquires Intercat, Inc., a supplier of speciality additives to the petroleum refining industry

• 2013Johnson Matthey acquires Formox, a leading global provider of catalysts, plant designs and licences for the manufacture of formaldehyde. The company’s technologies complement Johnson Matthey’s existing strengths in process catalysts and in plant design and licensing

• 2014Johnson Matthey wins The Queen’s Award for Enterprise in Sustainable Development. The prestigious award recognises the company’s achievements in developing and manufacturing emission control catalysts, using resources efficiently and meeting challenging sustainability targets. The award is presented at an event to celebrate 40 years since the production of Johnson Matthey’s first autocatalyst – the name given to emission control catalysts used in cars – at its site in Royston, UK.

Future

•  Johnson Matthey is a leading technology based company. This leadership is made possible by our expertise in the fundamental science that underpins our technologies. This expertise includes catalysis, materials science, the chemistry of pgms, nanotechnology and manufacturing science

Target

• The group will target development of new opportunities underpinned by our core chemistry expertise in materials science and surface chemistry.

• The Johnson Matthey attributes, outlining what makes a successful Johnson Matthey business, will be used to provide a focus for investment and for growing new business.

Opportunity

• The group will continue to focus on leading edge catalysis, driven by major global trends such as improving air quality, energy security, sustainability and development in emerging markets.

• The group will maintain differentiation through technology supported by enhanced investment in R&D in its core market areas.

• A strong position in platinum group metals will remain an intrinsic part of the group.

• Our primary focus will be organic growth. The group will however, maintain its strategy of making bolt-on acquisitions in core areas where they will accelerate organic growth.

Refarence • Jmrefining.com, (2015). Johnson Matthey Refining. [online]

Available at: http://www.jmrefining.com/ [Accessed 23 Feb. 2015].• Londonstockexchange.com, (2015). JOHNSON MATTHEY PLC ORD

104 16/21P - London Stock Exchange. [online] Available at: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B70FPS60GBGBXSET1 [Accessed 23 Feb. 2015].

• Matthey.com, (2015). Group Strategy - Johnson Matthey Annual Report and Accounts 2011. [online] Available at: http://www.matthey.com/AR11/report_of_the_directors/group_strategy_03.html [Accessed 23 Feb. 2015].

• Matthey.com, (2015). History - Johnson Matthey. [online] Available at: http://www.matthey.com/about_us/history?era=853b6d453c9948f7973263ee5a030d51 [Accessed 23 Feb. 2015].