M&A Deal Summary

Ferro Acquires Al Salomi for Frit and Glazes

On September 3, 2015, Ferro acquired consumer products company Al Salomi for Frit and Glazes for 39M USD

Acquisition Highlights
  • This is Ferro’s 1st transaction in the Consumer Products sector.
  • This is Ferro’s 7th largest (disclosed) transaction.
  • This is Ferro’s 1st transaction in Egypt.

M&A Deal Summary
Date 2015-09-03
Target Al Salomi for Frit and Glazes
Sector Consumer Products
Buyer(s) Ferro
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

Al Salomi for Frit and Glazes

Cairo, Egypt
Al Salomi for Frit and Glazes Co. is a manufacturers of frits and glazes in the Middle East and North Africa (“MENA”).

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Buyer(S) 1

Buyer

Ferro

Mayfield Heights, Ohio, United States
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 10 of 18
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 6 of 13
Country (Egypt) 1 of 1
Year (2015) 3 of 3
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Nubiola Pigmentos SL

Barcelona, Spain

Nubiola Pigmentos SL is a producer of specialty inorganic pigments and the world’s largest producer of Ultramarine Blue. Other products include Iron Oxides, Chrome Oxide Greens and Corrosion Inhibitors.

Buy €146M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 Ferer Dis Ticaret Ve Kimyasallar Anonim Sirketi A.S.

Istanbul, Turkey

Ferer is a distributor in Turkey of Ferro color and glass coating products and also provides customized, blended products and technical support primarily for the glass industry. Ferer’s primary focus is on servicing manufacturers of automotive, flat and container glasses as well as non-tile ceramic applications, including dinnerware, stoneware and porcelain. Ferer also distributes pigments into the paint and plastics industries. Among other activities, Ferer provides local operational capabilities to produce and distribute customized paste and powder products from intermediates supplied by Ferro. Ferer recently opened a new blending, mixing and pasting plant that is expected to significantly expand production and distribution capabilities.

Buy $9M
Mergr

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