- INEOS completed the acquisition of Cristal's North American business from Tronox for $700 million.
- The acquisition includes two plants at the Ashtabula, Ohio complex.
- INEOS becomes the second largest producer of titanium dioxide in the U.S.
- Titanium dioxide is used in paints, varnishes, paper, and plastics.
Acquisition Details
INEOS Enterprises has finalized the acquisition of Cristal's North American business from Tronox Limited for $700 million. This acquisition includes two plants located at the Ashtabula, Ohio complex.
Integration and Market Impact
The acquired business will be integrated into INEOS, operating under the name INEOS Pigments. This move positions INEOS as the second largest producer of titanium dioxide in the United States.
Titanium Dioxide Applications
Titanium dioxide is a widely used white pigment, known for its brightness. It is utilized in various applications, including paints, varnishes, paper, plastics, printing inks, fibers, rubber, cosmetic products, glass, and ceramics.
Market Competition
The global titanium dioxide market is highly competitive, with companies competing on price, quality, technical service, and the availability of high-performance pigments.
