Business acquisitions in decoration materials for ceramics and glass products between Heraeus and Ferro
Heraeus and Ferro Corporation (NYSE:FOE) announced that they have signed a contract to acquire from each other certain business lines concerning decoration materials for ceramic and glass products. The transactions were closed on May 1, 2010.
The Heraeus precious metals and technology group has agreed to acquire Ferro’s 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 this acquisition will enhance its position as a market leader in precious metal preparations for the decoration industry.
Ferro, a producer of technology-based materials, will acquire Heraeus´ ceramic colour business, which includes both lead-free and lead-containing colours for decorating glass, ceramics, porcelain and tiles. Ferro will also acquire the glazes, pigments and auxiliary businesses from Heraeus to further establish the company as a market leader in the ceramic colours industry.
