Core Viewpoint - Longbai Group (002601.SZ) announced the acquisition of titanium dioxide-related assets from Venator UK for a cash consideration of $69.9 million, excluding VAT and stamp duty [1] Group 1: Acquisition Details - The acquisition agreement was signed on October 15, 2025, by Longbai Group's subsidiary, Baililian Europe [1] - The assets being acquired include land, buildings, machinery, spare parts, business records, intellectual property, and inventory [1] - Venator UK is the only plant under Venator that produces titanium dioxide using the chloride process, with a designed annual capacity of 150,000 tons [1] Group 2: Industry Context - Venator is one of the four major titanium dioxide producers in Europe and North America, alongside Chemours, Tronox, and Kronos [1] - Venator employs both sulfate and chloride production processes for titanium dioxide [1] - The acquisition is expected to enhance Longbai Group's position in the titanium dioxide market by leveraging Venator UK's established product quality and customer relationships [1]
龙佰集团(002601.SZ)下属子公司拟收购Venator UK钛白粉业务相关资产