Huntsman to acquire Rockwood’s titanium dioxide business
Titanium dioxide can be used in the production of cosmetics such as sun creams and in makeups and foundations.
The $1.1bn deal will make Huntsman the second biggest producer of the chemical and inorganic color pigments in the world, and is attributed to a desire to improve investor focus and appreciation for Huntsman’s differentiated businesses.
Peter R. Huntsman, President and CEO of Huntsman Corporation, commented: "This acquisition provides a unique opportunity to unlock value within our Pigments business and builds on the strong improvements we have made to its competitiveness.”
A company spokesperson told CosmeticsDesign.comUSA that they expect personal care and cosmetics pigment ingredients to make up around 1 percent of their business.
