Rockwood’s Sachtleben Venture Agrees to Acquire crenox Titanium Dioxide Production Assets and Inventory
Rockwood Holdings, Inc. announced that its titanium dioxide venture Sachtleben has reached an agreement to acquire the titanium dioxide production assets and inventory of crenox GmbH, based in Krefeld, Germany, from the insolvency administrator. The acquisition is expected to close by mid-July, subject to completion of due diligence, government approvals and other conditions. The terms were not disclosed.
Sachtleben, which is a venture of Rockwood and Kemira Oyj, will acquire the crenox Krefeld-Uerdingen plant and all inventory of the facility. The acquisition will add over 100,000 metric tons of titanium dioxide production, increasing capacity to approximately 340,000 metric tons, further enhancing Sachtleben’s position as a leading global supplier of high quality TiO2 pigments.
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