Two buys for Mastermelt

UK-based precious metal recovery specialist Mastermelt has acquired both IEX Technologies, a supplier of advanced ion exchange materials and process technology to the pharmaceutical industry, and a solvent distillation plant from Green Lizard Technologies, which is a University of Belfast spinout. Terms were not disclosed.

“This pivotal move signifies Mastermelt’s commitment to its next phase of growth, placing a primary focus on complex precious metal recovery technologies for the growing homogeneous catalyst market,” the company stated. Together the two will form Mastermelt’s Homcat Recycling Centre of Excellence at the Wilton site in Teesside.

Green Lizard’s plant offers characterisation, process design and local processing, plus configurable process routes and intrinsic safety systems. Key applications include the recovery of precious metals from complex homogeneous catalyst waste streams from the pharmaceutical, agrochemical and fine chemical industries.