Ferro Corporation announced on 30 April that it has closed its transaction with Heraeus of Hanau, Germany. As per the transaction, the two companies have acquired from each other business lines regard…
Ferro Corporation announced on 30 April that it has closed its transaction with Heraeus of Hanau, Germany. As per the transaction, the two companies have acquired from each other business lines regarding decoration materials for ceramic and glass products. Terms of the transaction, which was first announced on 19 April, have not been disclosed. Ferro, a producer of technology-based performance materials, has acquired Heraeus“ ceramic colour business, which includes colours for decorating ceramics and glass, as well as the glazes, pigments and auxiliary businesses to further establish the company as a market leader in the ceramic colours industry. Ferro sold to Heraeus its business operations in precious metal preparations and lustres for the decoration of glass, ceramics, porcelain and tiles. Heraeus has been in this business since 1896, and, therefore, this business will enhance its position as a market leader in precious metal preparations for the decoration industry.