Venator Materials UK Ltd has agreed to sell its Greatham site and related TiO₂ assets to LB Group

Venator Materials UK Ltd has signed an agreement to sell its Greatham site in the UK, along with associated titanium dioxide (TiO₂) pigment assets, to LB Group Co., Ltd. (LB Group) of Jiaozuo, China, a leading producer of TiO₂ pigments and titanium sponge.

The Asset Purchase Agreement signifies progress in ongoing discussions and reflects LB Group’s confidence in the expertise, capabilities, and products of the Greatham site. The transaction is still subject to regulatory approvals and standard closing conditions.

The Greatham site is entering an idle state due to challenging market conditions affecting its financial performance. Nevertheless, LB Group remains committed to acquiring the site, with plans to restart operations in the future.

Karen Askwith, Managing Director of Venator Materials UK Ltd, commented: “Today’s announcement marks a milestone for Greatham and its future. It reflects LB Group’s confidence in the site’s expertise, operational strength and the value it brings to the TiO₂ industry. There is still important work ahead to complete the transaction. We remain fully committed to working closely with LB Group to navigate the next phase and secure a sustainable future for Greatham.”

Ms. Ran Xu, Deputy Chair of LB Group, commented: “This agreement reflects LB Group’s strategic commitment to supporting European TiO2 customers and expanding its global footprint. The company values the technical expertise and production capabilities at Greatham and welcomes the opportunity to add new high-performance titanium dioxide products to its global portfolio, and to increase its global competitiveness.”

Source: VENATOR