December 10, 2007 / 7:47 AM / 12 years ago

Johnson Matthey to buy Argillon for 214 mln euros

LONDON, Dec 10 (Reuters) - British platinum specialist Johnson Matthey Plc (JMAT.L) said on Monday it had agreed to buy Argillon Group for 214 million euros ($311.5 million) in cash from Ceramics Luxembourg, a company owned by KKR funds.

Argillon is an international group specialising in catalysts and advanced ceramic materials, and for the year to Sept. 30 had sales of 160 million euros. (Reporting by Mike Elliott; Editing by David Holmes)

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