Ferro Corporation divests Tile Coatings Business to Pigments Spain for $460M

Ferro Corporation signed a definitive agreement to sell its Tile Coatings Business to Pigments Spain, S.L., a company of the Esmalglass-Itaca-Fritta group (portfolio company of Lone Star Funds), for $460 million in cash, with potential additional $32 million based on pre-closing performance. The transaction is subject to regulatory approvals and customary closing conditions.

“This transaction will substantially advance the Dynamic Innovation and Optimization phase of our strategy and strengthen our balance sheet.”streetinsider.com

• 2 sources
• streetinsider.comFerro Corporation Signs Agreement to Divest Tile Coatings BusinessDec 16, 2019
• cincodias.elpais.comEsmalglass duplicará tamaño al comprar el negocio cerámico de Ferro | Empresas | Cinco DíasCINCO DÍASDec 17, 2019

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