CORPUS CHRISTI, TX — Hitox Corp. of America has acquired Malaysian Titanium Corp. in a cash and stock transaction totaling $5.1 million. Malaysian Titanium is a supplier of raw material for Hitox’s proprietary titanium pigment products, and also sells the products in Asia and Europe under a license agreement.
Hitox, a supplier of pigments and extenders, said it plans to double Malaysian Titanium’s pigment capacity.
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