M&A Deal Summary

Vibrantz Acquires Ferro

On May 11, 2021, Vibrantz acquired chemicals company Ferro for 2.1B USD

Acquisition Highlights
  • This is Vibrantz’s 4th transaction in the Chemicals sector.
  • This is Vibrantz’s largest (disclosed) transaction.
  • This is Vibrantz’s 7th transaction in the United States.
  • This is Vibrantz’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-05-11
Target Ferro
Sector Chemicals
Buyer(s) Vibrantz
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Lazard Ltd. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Ferro

Mayfield Heights, Ohio, United States
website
Ferro's corporate headquarters in Mayfield Heights, Ohio.
Ferro's corporate headquarters in Mayfield Heights, Ohio.
Ferro is a global supplier of technology-based functional coatings and color solutions. Ferro supplies functional coatings for glass, metal, ceramic, and other substrates and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings, and appliance markets. The Company's reportable segments include Functional Coatings and Color Solutions. Ferro was formed in 1919 and is based in Mayfield Heights, Ohio.

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Buyer(S) 1

Buyer

Vibrantz

Houston, Texas, United States

website

Category Company
Sector Chemicals
DESCRIPTION

Vibrantz produces and markets specialty mineral products and additives. It offers naturally occurring minerals for pigment applications. The company’s mineral products include silica, iron chromite and pyrites, magnesite, magnetite, manganese dioxide, manganous oxide, olivine, red iron oxide, spodumene, and zircon. It also offers black iron and red iron oxide, chrome sand, cryolite, chromox, and glassox. In addition, the company provides alumina products, barium carbonate, bauxite, calcium carbonates, coloured sands, feldspar products, lithium products, manganese products, metallic oxides and compounds, perlite ores, and quartz products. Vibrantz is based in Houston, Texas.

DEAL STATS #
Overall 8 of 9
Sector (Chemicals) 4 of 5
Type (Add-on Acquisition) 7 of 8
State (Ohio) 1 of 2
Country (United States) 7 of 8
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Millworx Materials

Decatur, Alabama, United States

Millworx Materials, Inc. is a producer of refractory raw material solutions for the steel industry, including ladle and furnace sands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Chromaflo Technologies

Ashtabula, Ohio, United States

Chromaflo Technologies is a supplier of colorant systems, chemical and pigment dispersions, serving customers in architectural and industrial coatings as well as the thermoset composites market. Chromaflo Technologies was founded in 2012 and is based in Ashtabula, Ohio.

Buy -
Mergr

Product

Company

Legal