Yildirim completed the acquisition of the Chromium business of Elementis for $170m.

Yildirim, a global industrial conglomerate based in Turkey, completed the acquisition of the Chromium business of Elementis, a global specialty chemicals company, for $170m. "Whilst Chromium has been a part of Elementis for many years, our strategic review concluded that the interests of all stakeholders would now be best served by a sale of the business. Our Personal Care, Coatings and Talc businesses are focused on developing advantaged, high-value products to drive revenue growth and margin expansion. Going forward, I'm confident the focused implementation of our Innovation, Growth & Efficiency strategy positions us to deliver on our medium-term financial objectives and generate significant shareholder value," Paul Waterman, Elementis CEO.