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US: $1B merger could spark pigments market shakeup

By  |  September 18, 2013

A $1.1 billion buyout of Rockwood’s pigments operations will slingshot Huntsman Corp into the number two spot in the nation’s titanium dioxide market, a pigment crucial to manufacturing paint and other goods.

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    Huntsman’s acquisition will likely lead to a shakeup in the volatile market, say reports, as the company plans to spin-off about 20 percent of Rockwood’s titanium dioxide businesses in a public offering, while Huntsman would remain a majority shareholder in the business.

    The parties plan to close the deal next June.

    DuPont is currently the number one player in the market for titanium dioxide, used in various products from toothpaste to sunscreen but subject to market swings in recent years.

    Full Content: Reuters

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