Kronos Worldwide completed the acquisition of a 50% stake in Louisiana Pigment from Venator Materials for $200m.

Kronos Worldwide, a producer of titanium dioxide, completed the acquisition of a 50% stake in Louisiana Pigment, a producer of titanium dioxide, from Venator Materials, a manufacturer and marketer of chemical products, for $200m. "We continue to successfully execute on our transformation plan and pursue all ways to strengthen our business. By focussing our financial resources and people on our core operating facilities, we can better serve our customers and deliver stronger outcomes for our shareholders. We appreciate those customers who have purchased Venator products from LPC over the years and I would like to thank the LPC team for their strong contributions. Those customers in the Americas currently served from our other plants will continue to receive our full commitment to quality products and service," Simon Turner, Venator President and CEO.