Tronox to Sell Electrolytic Operations for $13M

3/21/18

Tronox Limited (NYSE: TROX), a global mining and inorganic chemicals company, today announced Tronox LLC, its indirect wholly owned subsidiary, has entered into a purchase agreement with EMD Acquisition LLC to sell certain assets and liabilities of its Electrolytic Operations based in Henderson, Nev. for $13 million in cash, subject to certain working capital adjustments. The transaction is subject to customary closing conditions and expected to close mid-2018.

"As we focus on our evolution into a leading global producer of titanium dioxide, we are pleased to find a long-term investor to purchase this non-core business," said Jeffry N. Quinn, president and chief executive officer of Tronox.

SunTrust Robinson Humphrey, Inc. acted as the Company's financial advisor for the transaction.

About Tronox

Tronox Limited is a vertically integrated mining and inorganic chemical business. The company mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper and other everyday products. For more information, visit tronox.com.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.