GERMANY – KKR sells Argillon Group to Johnson Matthey
KKR portfolio company Demag Holding S.à r.l., based in Luxembourg, has signed an agreement to sell Argillon Group, a diversified company in advanced ceramic materials headquartered in Redwitz, to Johnson Matthey Plc, for EUR 214m in cash. In the fiscal year2006/2007 ended 30 September 2007, Argillon achieved revenues of close to EUR 160m with approximately 1,500 employees worldwide.
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