Divestiture • Metals/Mining

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 Context
  • 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.

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M&A Deal Summary

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

Target Company

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 Overview 1

Buyer

INEOS Enterprises

Runcorn, United Kingdom

Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.


Deal Context for Buyer #
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 Profile 1

SELLER

Eramet

Paris, France

Category Company
Founded 1880
Sector Metals/Mining
Employees8,782
Revenue 2.9B EUR (2024)
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 Context for Seller #
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 -

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