09.07.2018 • NewsCristalDede WillamsTronox

EU Approves Tronox-Cristal Merger

EU Approves Tronox-Cristal Merger (c) Tronox
EU Approves Tronox-Cristal Merger (c) Tronox

The EU Commission has approved Tronox’s proposed acquisition of competitor Cristal, subject to the US titanium dioxide producer selling its business for the pigment used in paper laminate.

The Commission had issued a statement of objections in March to the $2.4 billion acquisition of the Saudi Arabian company.

In order to overcome the competition concerns, Tronox has offered to sell its global business comprising the required technology and other intangibles to “an experienced manufacturer with chloride-based production technology active in the European Economic Area”.

Tronox currently supplies the paper-laminate TiO2 grade to European customers from its facility in Botlek, the Netherlands. The company added that it is “working expeditiously” to submit to the Commission a definitive agreement with another party for the divestment.

Without the sale, the Commission said the merger would have significantly reduced competition in Europe for chloride-based TiO2 used in paper laminate. It did not, however, have concerns about the pigment’s use in other products, particularly in paints and plastics. Similarly, the Commission found no competition concerns relating to TiO2 feedstocks, as neither company is a major supplier to third parties.

Approvals for the takeover have already been received in Australia, China, New Zealand, Turkey, South Korea, Colombia and Saudi Arabia. However, the US Federal Trade Commission (FTC) has yet to clear the deal. Tronox filed suit against the FTC in January 2018, alleging the agency is using delaying tactics to block the acquisition, which was first announced in February 2017.

 

 

Interview

Specialty Chemicals in a Shifting World
Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

most read

Photo
21.03.2025 • News

What’s Next for Pharma Supply Chains?

Sudden shifts in demand, supply shortages and global collapse have put immense pressure on pharmaceutical logistics. To address these challenges, PHARMAP 2025 brings together industry experts to discover AI-driven supply chain optimisation, strategic logistics partnerships and digital solutions that enhance efficiency and resilience in the pharmaceutical supply chain.