Cristal's North American titanium dioxide business will be spun off on May 1, 2019
Last Update: 2020-11-14
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On April 10, 2019, Tronox announced that it had completed its acquisition of the titanium dioxide ("TiO2") business of National Titanium White Co., Ltd. ("Cristal"). The Federal Trade Commission issued a resolution allowing the deal and spun off Cristal's North American titanium dioxide business to Ineos Enterprises, a subsidiary of Ineos ( "Ineos"). The divestiture transaction is scheduled to close on May 1, 2019
. It was previously announced that it would spin off 8120 paper grade titanium powder to Ventor Materials plc (NYSE: VNTR), which was approved by the European Commission in August 2018 and the deal is expected to close soon.
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