Tronox signs agreement to acquire TiZir Titanium and Iron; posts 1Q 2020 results

Titanium dioxide producer Tronox has signed a definitive agreement to acquire Eramet's TiZir Titanium and Iron (TTI) business for about US$300 million. The transaction will provide Tronox with increased titanium feedstock capacity, which will allow the company to serve its pigment customers better, it says. The planned deal has received the unanimous approval of the boards of directors of both Tronox and Eramet. Closure is subject to certain consents and customary closing conditions, including regulatory approvals.