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  5. Tronox Acquires Eramet SA - TiZir Titanium & Iron Business

M&A Deal Summary

Tronox Acquires Eramet SA - TiZir Titanium & Iron Business

On May 14, 2020, Tronox acquired metals/mining company Eramet SA - TiZir Titanium & Iron Business from Eramet for 300M USD

Acquisition Highlights
  • This is Tronox’s 2nd transaction in the Metals/Mining sector.
  • This is Tronox’s 3rd largest (disclosed) transaction.
  • This is Tronox’s 1st transaction in Norway.

M&A Deal Summary
Date 2020-05-14
Target Eramet SA - TiZir Titanium & Iron Business
Sector Metals/Mining
Buyer(s) Tronox
Sellers(s) Eramet
Deal Type Divestiture
Deal Value 300M USD

Target

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.

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Buyer(S) 1

Buyer

Tronox

Stamford, Connecticut, United States
Category Company
Sector Chemicals
Employees6,500
Revenue 3.1B USD (2024)
DESCRIPTION

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

DEAL STATS #
Overall 4 of 4
Sector: Metals/Mining M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
Country: Norway M&A 1 of 1
Year: 2020 M&A 1 of 1
Size (of disclosed) 3 of 3
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

Sell $700M

Seller(S) 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 STATS #
Overall 2 of 5
Sector: Metals/Mining M&A 2 of 5
Type: Divestiture M&A Deals 2 of 5
Country: Norway M&A 1 of 2
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Mineral Deposits

Melbourne, Australia

Mineral Deposits Ltd. is a company which produces mineral sands commodities, principally zircon and rutile. Mineral Deposits was founded in 1994 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Aubert & Duval

Paris, France

Aubert & Duval designs and develops advanced metallurgical solutions in the form of long products and parts for the most demanding sectors: aerospace, defense, energy, motorsports, and medical industries. Its core activity is developing, melting, and hot processing (open and closed-die forging and rolling, casting or powder metallurgy) special steels, superalloys, aluminum alloys, and titanium alloys which need to meet our clients’ stronger specifications. Aubert & Duval was formed in 1907 and is based in Paris, France.

Sell -
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