Tronox

Tronox completed its acquisition of Cristal's titanium dioxide business after FTC approval. The sale of Cristal's Ashtabula, Ohio plant to Ineos is expected to close on May 1.

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.

The Commerce Commission of New Zealand has granted clearance for Tronox Limited to purchase the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal), as it affects New Zealand markets. The global merger would bring together two suppliers of TiO2 pigment.

Tronox Ltd has signed a definitive agreement to acquire the TiO2 operations of Cristal for US$1.673 billion in cash plus shares representing a 24% stake in the new entity. The deal is expected to close before Q1 2018.