Tronox and Venator fail to reach agreement on Ashtabula site


The 75-day exclusivity period stated in the Memorandum of Understanding (“MOU”)between Tronox Limited and Venator Materials has expired without the two companies coming to an agreement on the terms of the sale of Tronox's Ashtabula, Ohio TiO2 production site.

On July 16, 2018, Venator and Tronox announced they had entered into the MOU, which contemplated the possible sale of the Ashtabula, Ohio facility to Venator.

This was dependent upon the sale securing US Federal Trade Commission (“FTC”) approval of Tronox's proposed acquisition of the TiObusiness of The National Titanium Dioxide Company Limited (“Cristal”).

Cristal is a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia. 

Tronox continues to discuss the possible divestiture of the Ashtabula TiO2 complex as a settlement and potential remedy to allow completion of its acquisition of Cristal to be consummated.


Share this page
  • Forthcoming Issue

    Coming up in the November 2018 issue

    • Aerospace Coatings
    • Automotive Coatings
    • Coil Coatings
    • Mixing Technology
    • Radiation Technology
    • Central Europe Focus
    • NACC Review

    Bonus distribution:

    Pakistan Coatings Show

    Publication date: Fri 16th Nov 2018
    Editorial deadline: Mon 10th Sep 2018
    Advertising deadline: Wed 24th Oct 2018

    For information on forthcoming editorial features and deadlines please click here.

Sister publication

Media Partner