M&A Deal Summary

Tronox Holdings Acquires Cristal - TiO2 business

On February 21, 2017, Tronox Holdings acquired chemicals company Cristal - TiO2 business from Cristal for 1.7B USD

Acquisition Highlights
  • This is Tronox Holdings’ 2nd transaction in the Chemicals sector.
  • This is Tronox Holdings’ largest (disclosed) transaction.
  • This is Tronox Holdings’ 1st transaction in Saudi Arabia.
Investment Fate
  • Cristal - TiO2 business was divested to a consortium of strategic buyers in 2019 for 700M USD.

M&A Deal Summary

Date 2017-02-21
Target Cristal - TiO2 business
Sector Chemicals
Buyer(s) Tronox Holdings
Sellers(s) Cristal
Deal Type Divestiture
Deal Value 1.7B USD

Target

Cristal - TiO2 business

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

Search 193,240 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Tronox Holdings

Stamford, Connecticut, United States

website


Category Company
Sector Chemicals
Employees6,500
Revenue 3.5B USD (2022)
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 3 of 4
Sector (Chemicals) 2 of 2
Type (Divestiture) 3 of 4
Country (Saudi Arabia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 FMC - Alkali Chemicals Business

United States

FMC Corp. - Alkali Chemicals Business consists of FMC's alkali chemicals business unit and operations.

Buy $1.6B
FOLLOWING 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

Seller(S) 1

SELLER

Cristal

Jeddah, Saudi Arabia

website


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
Country (Saudi Arabia) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-26 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.

Buy $1.2B