INEOS, a global chemical company, completed the acquisition of Eramet Titanium & Iron from Eramet, a multinational mining and metallurgy company, for $245m. “We are very pleased to acquire ETI from Eramet. This is a good quality asset, complemented by an experienced operations team. We believe the next phase of ETI’s development can be well progressed under INEOS ownership and further improve the long-term sustainability of the company,” Ashley Reed, INEOS CEO.