M&A Deal Summary

Prince Mineral Acquires Ferro

On May 11, 2021, Prince Mineral Co. Inc. acquired chemicals company Ferro Corp. for 2.1B USD

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

M&A Deal Summary

Date 2021-05-11
Target Ferro Corp.
Sector Chemicals
Buyer(s) Prince Mineral Co. Inc.
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Lazard Ltd. (Financial)
Simpson Thacher & Bartlett LLP (Legal)


Ferro Corp.

Mayfield Heights, Ohio, United States
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


Prince Mineral Co. Inc.

New York, New York, United States


Category Company
Founded 2003

Prince Mineral Company, Inc. 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.

Overall 8 of 8
Sector (Chemicals) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (Ohio) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
2015-05-01 Millworx Materials, Inc.

Decatur, Alabama, United States

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

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