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JohnsonMatthey Ceramics acquired by British investment fund

Jan 24, 2007
24/01/07 - Pamplona Capital Partners I, a British private equity investment fund belonging to Pamplona Capital Management, has acquired the Ceramics Division of Johnson Matthey, the UK multinational operating in the fields of minerals extraction and industrial chemicals.

Led by chairman Vicente Ros, the Ceramics Division has its headquarters and two production facilities in Spain as well as branches and facilities in Italy, UK, Brazil, Malaysia, India and China. The acquisition is expected to be finalised by 28 February for a figure of 226 million euro.
In the financial year to March 2006, Johnson Matthey Ceramics reported sales of 280 million euro and made an operating profit of 33 million euro.
In Spain, Johnson Matthey Ceramics also owns the raw materials supplier Almiberia and recently took over its activities.

The Pamplona Capital Partners I investment fund, registered in the Cayman islands, was set up in 2005 for the purpose of investing in activities within Europe. It has already completed four major acquisitions in the sectors of diapers, lorry components, jewellery and logistics.

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