Cathay Industries to acquire Venator’s iron oxide pigment business
Cathay Industries has announced that it has entered into an agreement with Venator Materials to purchase its iron oxide pigment business.
According to comapny information, the target business, Venator’s iron oxide pigment, has achieved steady growth and maintained profitability amid the pandemic and market fluctuations, demonstrating strong competitiveness and resilience.
Eight manufacturing sites
In addition to Venator’s product portfolio, the purchase includes eight manufacturing sites and one administrative site, across six countries on four continents. The transaction is expected to close by the end of first quarter 2023, subject to the customary closing conditions.
