LPC transfer completes
Venator Materials has completed the sale of its 50% interest in the Louisiana Pigment Company (LPC) TiO2 manufacturing joint venture facility to its operating partner, Kronos Worldwide. It has received $185 million in cash, subject to working capital adjustments, and expects a further earn-out payment of up to $15 million. This is part of an ongoing transformation programme for the troubled firm.
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