SK Capital completed the acquisition of a 40% stake in Venator Materials from Huntsman for $100m.

SK Capital, a private investment firm, completed the acquisition of a 40% stake in Venator Materials, a global manufacturer and marketer of chemical products, from Huntsman, an American multinational manufacturer and marketer of chemical products, for $100m. "We have had a long-term focus on the pigments industry and are delighted to have reached an agreement to purchase Huntsman’s remaining interest in Venator. We are also pleased to continue strengthening the relationship we’ve developed with Huntsman Corporation and its President, Chairman and CEO, Peter Huntsman. Huntsman is a clear leader in the global chemical industry, and we feel privileged to acquire their ownership position in Venator, which we view as a world class functional and specialty pigments business with a leadership position in titanium dioxide. We look forward to working with Simon Turner, CEO and President of Venator, and its board to support its growth and improvement," Barry Siadat, SK Capital Partners Co-Founder.