Tronox Limited announced that, in connection with its planned acquisition of the titanium dioxide (TiO2) business of Cristal, a privately held global chemical and mining company headquartered in Jeddah, Saudi Arabia, the waiting period in the United States under the Hart-Scott-Rodino Act expired at 11:59 p.m. EST on December 1, 2017 without further action by or communication from the U.S. Federal Trade Commission. Jeffry Quinn, Tronox's chief executive officer, stated: "Based on consultation with counsel, we believe that expiration of the waiting period means that we can proceed toward completion of the transaction once all closing conditions are met. However, we have not been informed that the Federal Trade Commission has formally concluded its investigation. The Commission could conceivably seek to enjoin the transaction at a later time, but we believe such action would be unprecedented and contrary to the rationale of the pre-merger notification system that is the framework of the U.S. regulatory process."
Flint Group announced today the acquisition of Eston Chimica SRL located in Padova, Italy. This acquisition follows Flint Group’s strategy to grow not only organically, but also through tactical acquisition.
Eston Chimica manufactures and sells water-based inks for flexo and gravure applications to printers predominantly located in Italy and Southern Europe. The company supports key Paper & Board applications, such as corrugated, shopping bags, paper bags, and various other water-based print jobs. Eston Chimica is located in northern Italy, near Venice, and employs 32 people.
Kim Melander, Vice President & General Manager EMEA and Global Strategy, Paper & Board, says, “Flint Group is very happy to join together with Eston Chimica. We have found the ‘right’ partner; a company who, with the dedicated support of its employees, has been very successful in recent years outgrowing the market as compared to other suppliers.”
He continues, “Eston Chimica’s state of the art facility in Italy is fully automated providing Flint Group important geographic expansion plus full manufacturing capabilities in Southern Europe – an excellent complement to our established manufacturing facility in Europe.”
Nicola Mellon, CEO of Eston Chimica, states, “The team at Eston Chimica is the principal reason for our business success thus far and we are very excited by the prospect of growing our business as part of Flint Group. In combining our strengths, we are able to offer our customers cutting edge innovations in both inks and coatings and customer-focused support. The water-based packaging print sector is growing and changing; this partnership gives us the opportunity to stay one-step ahead and effectively plan for the future.”
more at: http://www.flintgrp.com/en/news-information/press-releases/flint-group-announces-the-acquisition-of-eston-chimica-srl-in-italy/