Industry News, Mergers and Acquisitions

Cristal Announces Acquisition Agreement with Jiangxi Tikon

Transaction expected to close no later than Q1 2015

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By: Catherine Diamon

Director, Executive Internal Communications, GAF

The National Titanium Dioxide Company, Ltd. (“Cristal”) has announced that it has entered into an agreement to acquire the titanium dioxide assets of Jiangxi Tikon Titanium Company, Ltd. The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, The People’s Republic of China. The transaction, which is expected to close no later than the end of Q1 2015, will consist of a combination of an asset and equity deal structure. The acquisition of the Jiangxi Ti...

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