Cristal Announces Acquisition Agreement with Jiangxi Tikon
JEDDAH, Saudi Arabia - The National Titanium Dioxide Co. Ltd. (Cristal) has entered into an agreement to acquire the titanium dioxide (TiO2) assets of Jiangxi Tikon Titanium Co. Ltd. The Jiangxi Tikon manufacturing facility is located in the city of Fuzhou in Jiangxi Province, China.
The transaction, which is expected to close no later than the end of the first quarter of 2015, will consist of a combination of an asset and equity deal structure.