Ferro Corporation to Sell for $2.1 Billion to Investor Group

Ferro Corporation, formulator of ferrite coatings and conductive pastes for inductors, is planning to sell for $2.1 billion to Prince International Corporation, a portfolio company of American Securities, in an all-cash transaction. The deal was announced May 11. 

Ferro produces technology-based functional coatings and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Its products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. Headquartered in Mayfield Heights, Ohio, the company has about 3,700 employees globally and reported 2020 sales of $959 million. 

Among its conductor pastes for ceramic chip components, Ferro makes silver conductor pastes for ferrite inductor devices. The company’s precious metal pastes are used in many sensors for the automotive market where growth in electric vehicles is driving an increase in the number and variety of sensors installed in cars. 

Ferro also makes ferrite pigments in an array of colors used in specialty coatings. Its Zinc Ferrite Brown Spinel, shown above, is opaque to visible light and provides moderate near infrared reflectance so is classified as a cool pigment. 

Its Manganese Ferrite Black Spinel pigment, shown above, has a characteristically bluish shade and is used widely in plastic products, also powder and coil coatings. For more info, see www.ferro.com

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