September 17, 2013: Huntsman Corporation has agreed to acquire the Performance Additives and Titanium Dioxide (TiO2) businesses from Rockwood Holdings for about $1.1 billion in cash. As part of the acquisition, Huntsman will also assume the unfunded pension liabilities estimated at $225 million on July 2013. The acquisition aims to strengthen Huntsman’s Pigments business unit by broadening its product offerings for use in variety of industries including construction, plastics, papers, food, cosmetics, pharmaceuticals, etc.