Johnson Matthey to sell medical device components unit for $700M

MedTech Dive March 20, 2024
Elise Reuter

The segment makes components for medical devices, such as nitinol and metallic coatings.

Dive Brief:

• Johnson Matthey, a U.K.-based company focused on metals chemistry, will sell its medical device components business to Montagu Private Equity for $700 million in cash.
• The segment makes components for medical devices, including nitinol metal tubing used in stents and metallic coatings.
• The sale, announced Wednesday, is expected to close in the third quarter following regulatory approval.

Dive Insight:

Johnson Matthey’s sale of the medical device components business is part of a broader restructuring that began in 2022. The business operates manufacturing sites...

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