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Huntsman Bids to Acquire Tronox; TiO2 Demand Will Grow
3:14 PM MDT | September 4, 2009 | LINDSEY BEWLEY
Huntsman has reached an agreement to acquire most of the titanium dioxide (TiO2) and electrolytics assets of Tronox for $415 million. Huntsman, if the bid is approved by the U.S. Bankruptcy Court overseeing Tronox’s reorganization, will acquire Tronox’s TiO2 facilities in the Netherlands; certain assets in the U.S.; a 50% interest in a TiO2 joint venture in Australia and associated mining and other operations; and U.S. electrolytic production facilities. Tronox’s electrolytic business segment includes sodium chlorate, boron specialties, and...
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