M&A Deal Summary

Novolyte Technologies Acquires Ferro Corp - Fine Chemicals Business

On October 3, 2008, Novolyte Technologies acquired chemicals company Ferro Corp - Fine Chemicals Business from Ferro for 66M USD

Acquisition Highlights
  • This is Novolyte Technologies’ 1st transaction in the Chemicals sector.
  • This is Novolyte Technologies’ largest (disclosed) transaction.
  • This is Novolyte Technologies’ 1st transaction in the United States.

M&A Deal Summary
Date 2008-10-03
Target Ferro Corp - Fine Chemicals Business
Sector Chemicals
Buyer(s) Novolyte Technologies
Sellers(s) Ferro
Deal Type Divestiture
Deal Value 66M USD

Target

Ferro Corp - Fine Chemicals Business

United States
Ferro Corp - Fine Chemicals Business produces electrolytes used in the manufacture of lithium batteries, specialty solvents, and phosphines and also does contract manufacturing of fine chemicals. The business includes manufacturing facilities in Baton Rouge, Louisiana and Suzhou, China.

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Buyer(S) 1

Buyer

Novolyte Technologies

Independence, Ohio, United States

website

Category Company
Founded 2008
Sector Electronics
Employees167
DESCRIPTION

Novolyte Technologies is a manufacturer and supplier of specialty electrolyte materials and high performance solvents for lithium ion battery and energy storage applications.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 1 of 4
Sector (Chemicals) 1 of 3
Type (Divestiture) 1 of 4
Country (United States) 1 of 4
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-21 Fluid Logic - Grinding Fluids Business

United States

Fluid Logic - Grinding Fluids Business comprises grinding fluids used in the production of electronic components based on ceramic and quartz substrates, and advanced polishing fluids used for flat glass, precision optics, ophthalmic lenses, and specialty plastics.

Buy -
FOLLOWING 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 -
Mergr

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