Johnson Matthey completes sale of Battery Materials Canada to Nano One

Johnson Matthey Plc (JM), a global leader in sustainable technologies, today announces it has completed the sale of its Battery Materials Canada (JMBM Canada) business in accordance with the terms of the sale agreement entered into between JM and Nano One® Materials Corp (Nano One).

Net consideration for the acquisition was C$10.25 million, subject to customary closing adjustments and was fully funded from cash on hand.