Tronox Holdings to acquire TiZir Titanium and Iron from Eramet for $300m.

Tronox Holdings, an integrated manufacturer of titanium dioxide pigment, agreed to acquire TiZir Titanium and Iron, a producer of a titanium slag, and high-purity pig iron from Eramet, a multinational mining and metallurgy company, for $300m. “This highly strategic acquisition represents the next step in advancing our vertical integration strategy, providing Tronox with increased titanium feedstock capacity to better fulfill our internal requirements, and in turn, better serve our pigment customers with a low-cost, secure source of supply. The site is ideally situated to supply feedstock to our European pigment facilities,” Jeffry N. Quinn, Tronox Chairman and CEO. On January 4, 2021, the CMA opened a Phase 2 investigation into the transaction. On January 18, 2021, the CMA rejected undertakings offered by Tronox.