Venator Materials PLC has completed the sale of its Greatham site and associated TiO₂ pigment assets to LB Group.

Jonny Marston, Mark Firmin, and Helen Skeates from Alvarez & Marsal, who are Joint Administrators for several Venator Materials PLC entities (in administration), have announced that Venator Materials UK Limited (in administration) has successfully sold the Greatham, UK site and its titanium dioxide (TiO₂) pigment assets. The assets have been acquired by LB Titanium UK Ltd, a wholly owned subsidiary of LB Group Co., Ltd., a leading manufacturer of TiO₂ pigments and titanium sponge based in Jiaozuo, China.

The transaction follows the signing of an asset purchase agreement on 15 October 2025 and reflects the extensive efforts of all parties to bring the deal to completion. This included safely maintaining the Greatham plant in an idle state, securing necessary regulatory approvals, and fulfilling customary closing conditions. The newly established entity will operate under the name Tioxide.

Jonny Marston, Joint Administrator and Managing Director at Alvarez & Marsal said: “The successful completion of this transaction follows months of hard work by all involved and we are pleased to have secured ongoing employment for 132 employees locally, in conjunction with LB Group’s planned investment in the local economy. We wish to extend our gratitude to the entire workforce for their tireless dedication to progressing the sale and supporting the administration process. We also wish to extend our thanks to suppliers and other key stakeholders who have supported us throughout the administration.”

Ms. Ran Xu, Chair of LB Group, commented: “We are pleased to welcome the Tioxide teams to our organisation and look forward to building on Greatham’s strong manufacturing foundation. Together, we will continue to deliver high-quality products and reliable service to our customers worldwide.”

A total of 29 roles were not transferred to the purchaser. Some of these employees will be retained to support the administrators in managing the remaining activities associated with the wind-down of the wider Venator Materials PLC Group. The administrators will continue to provide support to these employees.

Venator Materials UK Limited (in administration), formerly part of the global Venator Materials PLC Group, entered administration on 22 October 2025 due to sustained financial pressures and challenging market conditions affecting the wider Group.

Source: VENATOR