20.03.2019 • NewsCristalElaine BurridgeIneos

Tronox Agrees Sale of Cristal’s US Assets to Ineos

Tronox Agrees Sale of Cristal’s US Assets to Ineos
Tronox Agrees Sale of Cristal’s US Assets to Ineos

Tronox has signed an agreement to sell Cristal’s North American titanium dioxide (TiO2) business to Ineos for $700 million in a bid to gain US clearance for its proposed merger with the Saudi group.

Cristal’s North American pigment assets include two plants located in Ashtabula, Ohio. Tronox said the sale, which will make Ineos the second-largest TiO2 producer in the US, has received support from its own and Cristal’s North American customers.

Tronox will now ask the Federal Trade Commission (FTC) to consider the sale as a remedy to address its competition concerns and authorize the acquisition of Cristal. “We are hopeful this proposed settlement encompassing a complete structural remedy, the result of months of consultation and collaboration with the FTC staff, will allow the Commissioners to approve the transaction,” said Tronox president and CEO Jeffry Quinn.

The US is the only country left to clear the Tronox-Cristal merger, which was first announced in February 2017. Tronox has received approval from eight other regulators, including the EU.

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.

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.

most read

Photo
28.07.2025 • NewsChemistry

VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.