LB Group Co., Ltd. (“LB Group”) and Venator Materials UK Ltd. (“Venator”) have signed an asset acquisition agreement for the purchase of Venator’s titanium dioxide (TiO₂) production facility and related TiO₂ assets in Greatham, UK. The completion of this transaction is subject to regulatory approvals and customary closing conditions.
Ms. Xu Ran, Vice Chairwoman of LB Group, said: “This acquisition demonstrates LB Group’s commitment to supporting our European TiO₂ customers and expanding our strategic global market presence. We value Greatham’s technical expertise and production capabilities, and welcome the opportunity to incorporate a new high-performance TiO₂ product line into our global portfolio to further enhance our competitiveness worldwide.”
Ms. Karen Askwith, Managing Director of Venator, added: “Today’s announcement represents a landmark milestone for the Greatham facility and its future. It reflects LB Group’s confidence in the site’s technical expertise, operational strengths, and its value to the TiO₂ industry. While there remain important steps to complete this transaction, we remain fully committed and look forward to working closely with LB Group to lead the next phase of development and ensure a sustainable future for Greatham.”
