MTM plans name change to Meristem

MTM plans name change to Meristem

MTM, the speciality chemicals group which almost went to the wall three years ago, is planning a change of identity in order to mark a new direction and to lay to rest its troubled past. The group, under new chief executive Donald Neil, is changing its name to Meristem. The word, which means the fastest growing part of a plant, is subject to shareholder approval at an EGM on 14 March.