Two low-profile manufacturers that jointly employ more than 1,000 people in the Western Australia are set to come under single ownership after the competition watchdog approved the purchase by US company Tronox of Cristal’s titanium dioxide business.
New York-listed Tronox announced in February plans to pay $US1.67 billion ($A2.1 billion ) for the global operations of privately owned Cristal, which is more formally known as the National Titanium Dioxide Company.
Both companies produce titanium dioxide pigment in Australia, which is used as an additive in products such as paint, plastics, and ink.
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