Administrators for Venator Materials have completed the sale of the Greatham, UK site and its titanium dioxide (TiO₂) pigment assets to LB Titanium UK Ltd, marking a key step in the wind-down of parts of the collapsed chemicals group.

 

The transaction, overseen by Jonny Marston, Mark Firmin and Helen Skeates of global professional services firm Alvarez & Marsal, follows an Asset Purchase Agreement signed on 15 October 2025 and months of work to stabilise the site, secure regulatory approvals, and satisfy closing conditions. The newly formed operating company will trade as Tioxide.

 

The Greatham facility—previously operated by Venator Materials UK Limited (in administration)—had been kept in an idle but maintained state throughout the process to enable a safe and compliant transfer of assets.

 

Jonny Marston, Joint Administrator and Managing Director at Alvarez & Marsal said: “The successful completion of this transaction follows months of hard work by all involved and we are pleased to have secured ongoing employment for 132 employees locally, in conjunction with LB Group’s planned investment in the local economy. 

 

"We wish to extend our gratitude to the entire workforce for their tireless dedication to progressing the sale and supporting the administration process. We also wish to extend our thanks to suppliers and other key stakeholders who have supported us throughout the administration.”

 

Ran Xu, Chair of LB Group, commented: “We are pleased to welcome the Tioxide teams to our organisation and look forward to building on Greatham’s strong manufacturing foundation. Together, we will continue to deliver high-quality products and reliable service to our customers worldwide.”

 

While 132 jobs have been secured under the new ownership, 29 roles were not transferred to the buyer. Some of those employees will remain temporarily to support the administrators as they continue winding down remaining Venator Group activities, with ongoing assistance being provided during the transition.

 

Venator Materials entered administration on 22 October 2025 after prolonged financial strain and difficult market conditions across the wider group, triggering a restructuring process that has now resulted in the partial disposal of its UK operations.