Venator’s Duisburg chemical plant secures new owner after insolvency crisis

A lifeline for Venator’s workforce as ICIG steps in. After insolvency and job cuts, this deal offers hope—but regulatory hurdles remain.

, and Administrator

2026 January 12 . 2:12 PM

1 min read

The image shows an old black and white drawing of a factory with smoke coming out of its chimneys,... — The image shows an old black and white drawing of a factory with smoke coming out of its chimneys, surrounded by buildings, vehicles, and other objects. At the bottom of the image, there is text that reads "The Omaha and Grant Smelting Company".

Venator’s Duisburg chemical plant secures new owner after insolvency crisis

Venator Germany’s chemical plant in Duisburg has found a new owner after months of uncertainty. The Frankfurt-based International Chemical Investors Group (ICIG) will take over the site, securing jobs for 350 employees. The deal follows Venator’s insolvency filing in September 2023 and a planned halt in titanium dioxide production earlier this year.

Venator Germany first entered insolvency proceedings in September 2023. The company originally expected insolvency processes to start in February 2024. By that time, titanium dioxide production at the Duisburg plant had already stopped, resulting in nearly 300 job losses.

The takeover by ICIG now brings stability to the remaining workforce. Employees will be formally informed about the sale on Wednesday morning. The deal still requires approval from the Federal Cartel Office, though no timeline for this decision has been given.

ICIG, known for its long-term investment approach, has a strong track record in the chemical sector. The acquisition ends months of uncertainty over the future of the Duisburg facility.

The sale to ICIG ensures the continued operation of Venator’s Duisburg plant. All 350 remaining jobs are now protected under the new ownership. The final step depends on regulatory approval from the Federal Cartel Office.