Deals
Tronox Considering Pigment Acquisition From Rockwood
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Tronox Ltd., the largest integrated producer of titanium-dioxide pigment, is considering acquiring assets from competitors including Rockwood Holdings Inc. to use more of its excess titanium-ore capacity.
The owners of titanium-dioxide plants in developed and emerging markets have approached Stamford, Connecticut-based Tronox “about something that might lead to a purchase,” Chairman and Chief Executive Officer Tom Casey said in a telephone interview today. The company plans to reserve its $716 million of cash for such opportunities, he said.