M&A Deal Summary

INEOS Enterprises Acquires Cristal - TiO2 business

On May 1, 2019, INEOS Enterprises acquired chemicals company Cristal - TiO2 business from Tronox Holdings for 700M USD

Acquisition Highlights
  • This is INEOS Enterprises’ 3rd transaction in the Chemicals sector.
  • This is INEOS Enterprises’ largest (disclosed) transaction.
  • This is INEOS Enterprises’ 1st transaction in Saudi Arabia.

M&A Deal Summary
Date 2019-05-01
Target Cristal - TiO2 business
Sector Chemicals
Buyer(s) INEOS Enterprises
Sellers(s) Tronox Holdings
Deal Type Divestiture
Deal Value 700M USD

Target

Cristal - TiO2 business

Jeddah, Saudi Arabia
Cristal - TiO2 is an operator of four chemical manufacturing plants and mines

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Buyer(S) 1

Buyer

INEOS Enterprises

Runcorn, United Kingdom
Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.

DEAL STATS #
Overall 3 of 4
Sector (Chemicals) 3 of 3
Type (Divestiture) 2 of 3
Country (Saudi Arabia) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 INEOS Enterprises - Melamines and Paraform

Runcorn, United Kingdom

INEOS Enterprises Ltd. - Melamines and Paraform cover operations sites in USA, Germany and a tolling operation in Indonesia. Paraform is a producer of Paraformaldehyde and employs about 120 people at its Mainz, Germany facility. Melamines supply of melamine resins into coatings, paper, textile, tire, rubber, and decorative laminates industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Eramet Titanium & Iron

Tyssedal, Norway

Eramet Titanium & Iron is an ilmenite transformation plant in Norway producing titanium slag used in the pigment industry. Eramet Titanium & Iron is based in Tyssedal, Norway.

Buy $245M

Seller(S) 1

SELLER

Tronox Holdings

Stamford, Connecticut, United States
Category Company
Sector Chemicals
Employees6,500
Revenue 2.9B USD (2023)
DESCRIPTION

Tronox Holdings is a provider of mining, production and marketing of inorganic minerals and chemicals. Tronox Holdings is based in Stamford, Connecticut.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
Country (Saudi Arabia) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Tronox - Alkali Business

Stamford, Connecticut, United States

Tronox Ltd. - Alkali Business is a producer of natural soda ash, also known as sodium carbonate (Na2CO3), a basic building block for a number of ubiquitous products, including flat glass, container glass, dry detergent and a variety of chemicals and other industrial products. The Alkali Business produces approximately four million tons of natural soda ash per year, representing approximately 28% of all the natural soda ash produced in the world and, based on current production rates, has an estimated reserve life remaining of over 100 years.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Eramet SA - TiZir Titanium & Iron Business

Tyssedal, Norway

Eramet's TiZir Titanium & Iron (TTI) Business produces high-grade titanium slag and high-purity pig iron with an annual capacity of approximately 230,000 tons and 90,000 tons, respectively.

Buy $300M
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