International Titanium Powder, L.L.C.

Client:	International Titanium Powder, L.L.C.
Representation:	Mergers and Acquisitions
Date:	October 2008
Locations:	Woodridge, Illinois and Hunt Valley, Maryland

Summary:

Schiff Hardin represented International Titanium Powder, L.L.C. (ITP), a development-stage company working to commercialize a new low-cost process for manufacturing titanium powder, and its majority owner, the Titanium Company of America, LLC, in the 2008 acquisition of ITP by a subsidiary of The National Titanium Dioxide Co. Ltd. (CRISTAL), a Saudi Arabian entity, for an aggregate consideration of $110 million.

Schiff Hardin counseled ITP through an extended investigation by the Committee on Foreign Investment in the United States (CFIUS) to obtain necessary deal clearance.