Ineos acquires Koster North America titanium dioxide business of TNO

Ineos recently announced an agreement to acquire the North American titanium dioxide business of former CRISTALS, a subsidiary of us company tronox, for us $700m Koster's North American titanium dioxide business includes two plants in ashtbila, Ohio The acquisition is supported by North American customers of Costco and TNO After the completion of the acquisition, Ineos group will become the second largest titanium dioxide producer in North America The proposed expansion and amendment of the transaction need to be approved by the Federal Trade Commission "For Ineos, this is a great opportunity to enter the pigment and filler Market and become the second largest titanium dioxide producer in North America," said Jim Ratcliffe, chairman of Ineos group Ashley reed, CEO of Ineos group, believes that "the acquisition of competitive businesses with high-quality assets and human resources is an excellent way to occupy the market of cosmetics and fillers." Titanium dioxide is a kind of white pigment widely used in coating, ink, fiber, rubber, cosmetics, glass, ceramics, paper, plastic and other fields At present, the global titanium dioxide industry mainly around the price, quality, technical services and other fierce competition.