Cristal's North American business includes two plants located at the Ashtabula Ohio (US) complex. The deal forms the proposed remedy package submitted to the U.S. Federal Trade Commission (FTC) by Tronox ahead of its proposed acquisition of Cristal's global titanium dioxide business. Under the company's proposed remedy, the Ashtabula complex, along with all of its associated assets including research and development, sales, intellectual property and operations expertise would be held separate during a short interim period while the proposed divestiture is pending. Buyer Ineos Enterprises is a unit of Switzerland-based Ineos, one of the world's largest chemicals companies and the ...
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