Clariant Sells Energy Storage Business to Johnson Matthey

Clariant has completed the sale of its Energy Storage business line, announced in October 2014, for $75 million to Johnson Matthey.

"The divestment of the Energy Storage business with its LFP technology is part of our focused portfolio management and reallocating capital towards our core areas Care Chemicals, Catalysis and Energy, Natural Resources and Plastics and Coatings," said CEO Hariolf Kottmann.