International Titanium Powder
- Client: International Titanium Powder, L.L.C.
- Date: October 2008
- Location: Woodridge, Illinois and Hunt Valley, Maryland
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.