Rockwood Holdings has announced that its titanium dioxide (TiO2) venture Sachtleben is to acquire the TiO2 production assets and inventory of crenox GmbH, based in Krefeld, Germany, from the insolvency administrator. The acquisition is expected to close by mid-July. Terms were not disclosed.
Sachtleben will acquire the crenox Krefeld-Uerdingen plant and all inventory of the facility. The acquisition will add more than 100,000t of TiO2 production, increasing capacity to approximately 340,000t/yr.
