Description
For serious investors, the 100 oz Asahi Silver Bar might look strikingly familiar. Asahi Refining was able to get its business up and running quickly by purchasing two refineries from Johnson Matthey as the latter company minimizes its refining activities in the precious metals industry. Although the bars have the markings of the new company, the molds appear similar to those previously used by Johnson Matthey.
Asahi Refining completed its acquisition of Johnson Matthey facilities officially in July 2015, but the process of taking over operations and production occurred much earlier in the year. In March 2015, Asahi Holdings took control of the Johnson Matthey precious metals refineries in Salt Lake City, Utah, USA and Brampton, Ontario, Canada in March, and began operating as Asahi Refining.