# Esmalglass-Itaca Group acquires Ferro Corporation's Tile Coatings Business

Esmalglass-Itaca Group signed an agreement to acquire the Tile Coatings Business of Ferro Corporation for USD 460 million in cash, with potential additional USD 32 million. Closing is expected no earlier than summer 2020, subject to regulatory approval.

- Type: Acquisition
- Announced: 2020-02-12
- Where: United States
- Value: $460.0M
- Status: announced
- Products: ceramic colours, glazes, tile coatings
- 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

- [cfi.de](https://www.cfi.de/news/global-news/esmalglass-itaca-group-acquired-tile-coatings-business-of-ferro-corporation/), 2020-02-12: "Given the value of the transaction and the size of the two players, this is without question the most important operation ever completed in the history of the ceramic colour and glaze industry."

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