A PYMNTS Company

US: Tronox sues antitrust regulator over Cristal deal

By  |  January 24, 2018

Pigment producer Tronox sued a US antitrust regulator on Tuesday, January 23, alleging that it had no legitimate reason to block its proposal to acquire National Titanium Dioxide.

Tronox announced the US$2.4 billion deal in February 2017. The combination would create the world’s largest and most highly integrated producer of titanium dioxide (TiO2), the company said.

In December, the FTC filed an administrative complaint, alleging that the Cristal acquisition would reduce competition for chloride-based TiO2.

Tronox disagreed, alleging that the Cristal acquisition would allow it to produce even more TiO2, allowing it to make more pigment available to customers around the world.

Full Content: ICIS

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.