ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Tronox sells soda ash unit

by Alexander H. Tullo
August 7, 2017 | APPEARED IN VOLUME 95, ISSUE 32

Tronox has agreed to sell its soda ash business to the hydrocarbon firm Genesis Energy for $1.3 billion. Tronox will use the proceeds from the transaction to pay for its acquisition of titanium dioxide rival Cristal, which it agreed to purchase in February for $1.7 billion in cash, plus stock. Tronox bought the soda ash unit from FMC in 2015 for $1.6 billion. The soda ash business is the largest natural soda ash producer in the world, with a 28% share of production. At its mine in Green River, Wyo., it has the capacity to produce about 4 million metric tons of soda ash. The business had operating income of $84 million on $784 million in sales in 2016. Genesis, which specializes in energy services and transportation, says the purchase will give it greater diversification.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment