Esmalglass-Itaca Group acquires Ferro's Tile Coatings Business for $460M

Esmalglass-Itaca Group signed an agreement in December 2019 to acquire Ferro Corporation's Tile Coatings Business for $460 million in cash, with potential for an additional $32 million. Closing is expected by summer 2020.

“In an operation worth $460 million in cash with potential for an additional $32 million in cash based on the performance of the business pre-closing, the Spanish multinational Esmalglass-Itaca Group signed an agreement in December to acquire the Tile Coatings Business of Ferro Corporation.”ceramicworldweb.com

• 1 source
• ceramicworldweb.comEsmalglass-Itaca Group acquires Ferro to create a billion-euro giant | Ceramic World WebJan 20, 2020

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