M&A Deal Summary

Ferro Acquires Electro-Science Laboratories

On November 1, 2016, Ferro acquired test/measurement equipment company Electro-Science Laboratories for 75M USD

Acquisition Highlights
  • This is Ferro’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Ferro’s 3rd largest (disclosed) transaction.
  • This is Ferro’s 9th transaction in the United States.
  • This is Ferro’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2016-11-01
Target Electro-Science Laboratories
Sector Test/Measurement Equipment
Buyer(s) Ferro
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Electro-Science Laboratories

King of Prussia, Pennsylvania, United States
Electro-Science Laboratories, Inc. (ESL ElectroScience) is a manufacturer of screen-printable pastes such as thick-film paste conductors, dielectrics and resistors (also known as thick-film inks, paints or coatings), ceramic tape systems, and fired parts such as porous alumina and zirconia cover plates, solid oxide fuel cell substrates, multi-electrode arrays, and both anode-supported and electrolyte-supported fuel cells.

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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 15 of 18
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 13
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2016) 5 of 5
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-17 Delta Performance Products - Colorant Blends

Covington, Georgia, United States

Delta Performance Products LLC - Colorant Blends is a producer of high-performance inorganic and organic pigments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 DIP Tech

Kfar Saba, Israel

DIP Tech Ltd. is a supplier of inkjet digital printing systems for the glass industry. DIP Tech develops, manufactures and markets inkjet digital printers and ceramic inks for a wide variety of glass applications. The products are based on DIP Tech's patented common platform. Our customers include worldwide suppliers of glass and glazing products to the automotive, architectural and home appliance markets.

Buy $60M