Volume 95 Issue 9 | p. 13 | News of The Week
Issue Date: February 27, 2017 | Web Date: February 21, 2017

Tronox to acquire TiO2 rival Cristal

Purchase will create the world’s largest producer of the white pigment
Department: Business
Keywords: Inorganic chemicals, TiO2, white pigment, titanium dioxide

In a deal that will establish the world’s largest producer of titanium dioxide, Tronox is purchasing Cristal for $1.7 billion in cash, plus stock. Tronox says it’s putting its soda ash business on the selling block to help pay for the transaction.

“We are very excited to have signed this agreement with Cristal,” Tronox CEO Tom Casey said in a conference call earlier today with analysts. “They have TiO2 operations that are highly complementary with . . .

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