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Metalor acquires the refining business of Johnson Matthey Hong Kong

Division : Refining

Johnson Matthey has agreed to sell the gold and silver business of Johnson Matthey Hong Kong Limited to Metalor Technologies (Hong Kong) Limited, which is part of the Metalor Group. In accordance with the sale agreement Metalor will buy the assets of Johnson Matthey Hong Kong's Kwai Chung operations and its gold and silver related businesses. These include gold refining, gold and silver bullion bars and grains, gold and silver salts and gold and silver jewellery materials.

The sale is expected to be completed within one month. All 41 Johnson Matthey employees affected will be offered jobs with Metalor. This transaction perfectly complements Metalor's service and product offering and is a key step in the company's strategy to further strengthen its presence in Asia.

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