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M&A Deal Summary

INEOS Enterprises Acquires Eramet Titanium & Iron

On September 21, 2023, INEOS Enterprises acquired metals/mining company Eramet Titanium & Iron from Eramet for 245M USD

Acquisition Highlights
  • This is INEOS Enterprises’ 1st transaction in the Metals/Mining sector.
  • This is INEOS Enterprises’ 2nd largest (disclosed) transaction.
  • This is INEOS Enterprises’ 1st transaction in Norway.

M&A Deal Summary
Date 2023-09-21
Target Eramet Titanium & Iron
Sector Metals/Mining
Buyer(s) INEOS Enterprises
Sellers(s) Eramet
Deal Type Divestiture
Deal Value 245M USD

Target

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.

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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 4 of 4
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 3 of 3
Country (Norway) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Cristal - TiO2 business

Jeddah, Saudi Arabia

Cristal - TiO2 is an operator of four chemical manufacturing plants and mines

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Ineos Composites

Dublin, Ohio, United States

Ineos Composites manufactures and sells a wide range of general-purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gel coats, and low-profile additives for the plastics industry. Ineos Composites is based in Dublin, Ohio.

Sell €1.7B

Seller(S) 1

SELLER

Eramet

Paris, France
Category Company
Founded 1880
Sector Metals/Mining
Employees13,000
Revenue 3.3B EUR (2023)
DESCRIPTION

Eramet is a mining and metallurgical group operating internationally. Eramet specializes in extracting, producing, and selling non-ferrous metals and in producing and transforming alloys. Eramet was founded in 1880 and is based in Paris, France.

DEAL STATS #
Overall 5 of 5
Sector (Metals/Mining) 5 of 5
Type (Divestiture) 5 of 5
Country (Norway) 2 of 2
Year (2023) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Erasteel

Paris, France

Erasteel offers a wide range of steel grades and alloys produced either by powder metallurgy or conventional metallurgy. Erasteel is based in Paris, France.

Sell -
Mergr

Product

Company

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