Johnson Matthey abandons chemicals sale

10th Dec 2010 07:50

Johnson Matthey has abandoned plans to sell its UK-based Vertec titanate and zirconate chemicals businesses to Indian group Dorf Ketal following a Competition Commission inquiry.In a statement, the Commission said the two companies had indicated the deal had been scrapped and it was teminating its inquiry.Vertec manufactures specialist organic titanates used in inks, paints and polymers. Dorf and the JM Business are the two largest suppliers of titanate and zirconate in the UK, as well as on a European and global basis, the Commission said.The case was referred to the Commission by the Office of Fair Trading on 19 November 2010.