Tronox to acquire norwegian titanium smelting facility

Tronox to acquire norwegian titanium smelting facility.agreed to buy tizir titanium and iron business from eramet s.a. for approximately $300 million.transaction is expected to achieve $15-20 million in run-rate synergies in year three.deal received unanimous approval of tronox and eramet boards.as part of transaction, co will enter a supply agreement with eramet's grande cÔte operations mineral sands mine in senegal.
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