LB Group Co., Ltd. (SZSE:002601) has signed an Asset Purchase Agreement to acquire TiO2 manufacturing site in Greatham, UK from Venator Materials UK Ltd on October 17, 2025.
The transaction is subject to approval by regulatory board / committee. HSBC Qianhai Securities Ltd acted as financial advisor to LB Group Co., Ltd. Lazard & Co., Limited acted as financial advisor to Venator Materials UK Ltd.
LB Group Co, Ltd. is the world's No. 1 manufacturer and marketer of high-performance sulfate- and chloride-based titanium dioxide pigments for the coatings, paints, inks, plastics and paper industries. The products are sold under the brand name TiO? Billions. LB Group Co, Ltd. also offers basic chemical products. Net sales break down by family of products as follows:
- titanium dioxide (66.4%): 1,158.9 Kt sold in 2023;
- ferrous sulphates (9.6%);
- titanium sponge (8.5%);
- zirconium-based products (4.1%);
- materials for renewable energy production (3.9%);
- other (7.5%).
At the end of 2023, the group has 11 production sites in China.
China accounts for 58.9% of net sales.
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