# 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.

- Type: Acquisition
- Announced: 2019-12-01
- Where: United States
- Value: $460.0M
- Status: announced
- Products: ceramic glazes, inks, colours
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lone Star Funds](https://endata.com/companies/8698.md) (investor)
- [Ferro Corp.](https://endata.com/companies/25614.md) (target)
- [Esmalglass-Itaca Group](https://endata.com/companies/44682.md) (acquirer)

## Sources

- [ceramicworldweb.com](https://www.ceramicworldweb.com/en/news/esmalglass-itaca-group-acquires-ferro-create-billion-euro-giant), 2020-01-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.