M&A Deal Summary

Ferro Acquires Vetriceramici

On December 2, 2014, Ferro acquired chemicals company Vetriceramici from Star Capital SGR for 83M EUR

Acquisition Highlights
  • This is Ferro’s 5th transaction in the Chemicals sector.
  • This is Ferro’s largest (disclosed) transaction.
  • This is Ferro’s 1st transaction in Italy.

M&A Deal Summary

Date 2014-12-02
Target Vetriceramici
Sector Chemicals
Buyer(s) Ferro
Sellers(s) Star Capital SGR
Deal Type Add-on Acquisition
Deal Value 83M EUR

Target

Vetriceramici

Casola Valsenio, Italy
website
Vetriceramici S.p.A. designs, develops, manufactures, and supplies special products for the ceramics industry. Vetriceramici produces fusion colored grains, technical grains, matte colored micro-grains, frits, double charge products, ceramic glazes, and inks for digital printing.

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Buyer(S) 1

Buyer

Ferro

Mayfield Heights, Ohio, United States

website


Category Company
Founded 1919
Sector Chemicals
Revenue 959M USD (2020)
DESCRIPTION
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.


DEAL STATS #
Overall 7 of 18
Sector (Chemicals) 5 of 10
Type (Add-on Acquisition) 3 of 13
Country (Italy) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Pfanstiehl

Waukegan, Illinois, United States

Pfanstiehl, Inc. is a provider of specialized products and services for niche pharmaceutical and biotechnological applications. Pfanstiehl develops and manufactures high-purity, low-endotoxin sugars utilized as injectable excipients and for cell culture media and protein stabilization as well as high-potency active pharmaceutical ingredients (APIs), including cytotoxic actives. Pfanstiehl was founded in 1919 and is based in Waukegan, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 Valtris Specialty Chemicals

Independence, Ohio, United States

Valtris Specialty Chemicals is a manufacturer of specialty chemicals primarily used as additives in the production and processing of plastics. These chemicals impart critical attributes to plastics including resiliency, flame retardancy, and ease of processing. Valtris Specialty Chemicals was founded in 2014 and is based in Independence, Ohio.

Sell -

Seller(S) 1

SELLER

Star Capital SGR

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2000
PE ASSETS 486M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Star Capital is a private equity firm focused on lower middle-market acquisitions of Italian companies. The Firm targets profitable businesses with €3 to €10 million of EBITDA and €20 to €50 million of revenue. Star Capital is a generalist investor, however the Firm will not consider early-stage or distressed companies. Star Capital was formed in 2000 and is headquartered in Milan.


DEAL STATS #
Overall 6 of 11
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 3 of 6
Country (Italy) 5 of 10
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-17 SAET

Leinì, Italy

Saet Group is a supplier of induction heating equipment in the automotive and wind energy industries.

Sell €18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 AMP Group

Albavilla, Italy

AMP Group offers engineering, manufacturing and marketing windows regulators, with handles & locks as a complementary business. AMP Group was founded in 1978 and is based in Albavilla, Italy.

Sell -