# INEOS to acquire Cristal's North American titanium dioxide business from Tronox for $700M

INEOS Enterprises signed an agreement to acquire the North American business of National Titanium Dioxide Company Limited (Cristal) from Tronox Limited for $700 million. The deal includes two plants in Ashtabula, Ohio, and is part of a remedy package for Tronox's acquisition of Cristal's global business.

- Type: Acquisition
- Announced: 2019-03-19
- Where: Ashtabula, Ohio, United States
- Value: $700.0M
- Status: announced
- Products: titanium dioxide
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [INEOS](https://endata.com/companies/9807.md) (acquirer)
- [Tronox](https://endata.com/companies/23239.md) (target)
- [Cristal](https://endata.com/companies/23240.md) (target)

## Sources

- [ineos.com](https://www.ineos.com/news/shared-news/ineos-set-to-acquire-cristals-north-american-titanium-dioxide-business-from-tronox-for-usd700-million/), 2019-03-19: "This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market."
- [mining.com](https://www.mining.com/web/ineos-buys-us-titanium-dioxide-business-tronox-700m/), 2019-03-19: "This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.