Administrators Appointed to Venator Holding Companies
Alvarez & Marsal have been appointed joint administrators to Venator Materials plc, along with Venator Materials International UK Limited and Venator Investments UK Limited — all non-trading holding companies within the Venator Group.
Venator’s main UK trading company, as well as operations in the US and France, continue to operate normally.
The administrators are working with Venator’s leadership to find buyers for UK businesses in Greatham, Wynyard and Birtley, while sale processes will also be initiated for other group entities.
“Rising competition and costs have severely impacted Venator,” said Mark Firmin, joint administrator and managing director, Alvarez & Marsal. “Administration provides a platform to restructure and secure future operations through strategic sales.”
Bryan Snell, Venator CEO, thanked employees for their professionalism and resilience, and emphasized the company’s priority of supporting a successful sale to ensure long-term sustainability.
Venator is a global manufacturer of titanium dioxide pigments and performance additives, with 2,249 employees worldwide.
This development underscores shifting dynamics in the TiO2 sector.
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