INEOS buys US titanium dioxide business from Tronox for $700m

British chemicals firm INEOS said on Tuesday it would buy Cristal’s North American titanium dioxide business from Tronox for $700 million.

“This is a great opportunity for INEOS to enter the pigments market and become the second largest producer of titanium dioxide in the key North American market,” Jim Ratcliffe, INEOS chairman said in a statement.

($1 = 0.7524 pounds)

(By Elisabeth O’Leary; Editing by Michael Holden)

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