KRONOS WORLDWIDE INC

In addition to the risk factor discussed below, refer to Part I, Item 1A, “Risk Factors,” in our 2023 Annual Report for a discussion of the risk factors related to our businesses.

Our recent acquisition of the remaining 50% interest in LPC may not generate benefits we anticipate and may otherwise affect our business and prospects.

We recently completed the LPC Acquisition in which we purchased the 50% ownership interest in LPC we did not previously own. If we experience unforeseen technological, operational or other difficulties in managing the integration of LPC as our wholly-owned subsidiary, we may not be able to implement the process innovations at the facility as we expect. In addition, we may not be able to achieve the synergies or improve efficiency and product quality as we expect. With or without such difficulties, the integration of the LPC facility into our operations may divert significant management time and attention from our other operations. If we fail to successfully integrate LPC into our operations, or if the LPC Acquisition does not return expected synergies or a level of sales as we expect, or if LPC has unexpected legal or financial liabilities, our business, financial condition, results of operations and prospects could be adversely affected.