M&A Deal Summary

Cristal Acquires Lyondell Chemical - Inorganic Chemicals Business

On February 26, 2007, Cristal acquired chemicals company Lyondell Chemical - Inorganic Chemicals Business from Lyondell Chemical for 1.2B USD

Acquisition Highlights
  • This is Cristal’s 1st transaction in the Chemicals sector.
  • This is Cristal’s largest (disclosed) transaction.
  • This is Cristal’s 1st transaction in the United States.
  • This is Cristal’s 1st transaction in Texas.

M&A Deal Summary
Date 2007-02-26
Target Lyondell Chemical - Inorganic Chemicals Business
Sector Chemicals
Buyer(s) Cristal
Sellers(s) Lyondell Chemical
Deal Type Divestiture
Deal Value 1.2B USD

Target

Lyondell Chemical - Inorganic Chemicals Business

Houston, Texas, United States
Lyondell's Millennium Inorganic Chemicals subsidiary is the world's second-largest producer of titanium dioxide with an annual capacity of 670,000 metric tons. Titanium dioxide is a white pigment commonly used in such consumer products as paint, toothpaste and sunblock.

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Buyer(S) 1

Buyer

Cristal

Jeddah, Saudi Arabia
Category Company
Founded 1991
Sector Chemicals
DESCRIPTION

The National Titanium Dioxide Company Ltd. (dba Cristal) is a titanium dioxide producer. With major offices in the United Kingdom, Saudi Arabia and Singapore it is the only producer of titanium dioxide in the Middle East and North Africa and exports its products to more than 70 countries.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Cristal - TiO2 business

Jeddah, Saudi Arabia

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

Sell $1.7B

Seller(S) 1

SELLER

Lyondell Chemical

Houston, Texas, United States
Category Company
Sector Chemicals
DESCRIPTION

Lyondell Chemical Company is a global manufacturer of chemicals and plastics, a refiner of heavy, high-sulfur crude oil and a significant producer of fuel products. Key products include ethylene, polyethylene, styrene, propylene, propylene oxide, gasoline, ultra low-sulfur diesel, MTBE and ETBE.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-29 Millennium Chemicals

Greenville, Delaware, United States

Millennium is the second-largest producer of TiO2 in the world, the largest merchant seller of titanium tetrachloride and a major producer of zircon and zirconia, silica gel and cadmium-based pigments. It also is the second-largest producer of acetic acid and vinyl acetate monomer in North America, and a leading producer of terpene-based fragrance and flavor chemicals.

Buy $2.3B
Mergr

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