STAMFORD, Conn., May 1, 2019 /PRNewswire/ -- Tronox Holdings
plc (NYSE:TROX) ("Tronox" or the "Company"), the world's
largest vertically integrated producer of titanium dioxide pigment,
today announced it has completed the sale of the North American
titanium dioxide ("TiO2") business of The National
Titanium Dioxide Company Limited ("Cristal") to INEOS
Enterprises, a division of INEOS, for the purchase price of
approximately $700 million. The sale
was required by the Federal Trade Commission's decision and order
issued on April 10, 2019, which
permitted Tronox's acquisition of Cristal's global TiO2
business.
"We are pleased to have completed the last of the two remedy
transactions we agreed to with antitrust authorities in the U.S.
and Europe that enabled us to
close our acquisition of Cristal's TiO2 business," said
Jeffry N. Quinn, chairman and chief
executive officer of Tronox. "We remain focused on unlocking the
substantial value created by our transformative
acquisition of Cristal for the benefit
of our shareholders, customers and employees."
Media Contact: Melissa
Zona
+1 636.751.4057
Investor Contact: Brennen
Arndt
+1 646.960.6598
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals; and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals. With nearly 7,000
employees across six continents, our rich diversity, unmatched
vertical integration model, and unparalleled operational and
technical expertise across the value chain, position Tronox as the
preeminent titanium dioxide producer in the world. For more
information about how our products add brightness and durability to
paints, plastics, paper and other everyday products, visit
Tronox.com.
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SOURCE Tronox Holdings plc