Sachtleben to Acquire Titanium Dioxide Producer Crenox

Sachtleben (Duisburg, Germany), a joint venture between Rockwood Holdings and Kemira, has agreed to acquire the titanium dioxide (TiO2) production assets and inventory of Crenox (Krefeld, Germany) from the insolvency administrator. The acquisition is expected to close by mid-July, subject to the completion of due diligence, government approvals, and other conditions. Financial terms of the transaction were not disclosed. Crenox has been under administration since 2009 when it was separated from its former owner, Tronox, following that company's filing for Chapter...

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