M&A Deal Summary

Ferro Acquires Endeka Ceramics SA

On October 2, 2017, Ferro acquired building materials company Endeka Ceramics SA for 64M EUR

Acquisition Highlights
  • This is Ferro’s 1st transaction in the Building Materials sector.
  • This is Ferro’s 4th largest (disclosed) transaction.
  • This is Ferro’s 4th transaction in Spain.

M&A Deal Summary

Date 2017-10-02
Target Endeka Ceramics SA
Sector Building Materials
Buyer(s) Ferro
Deal Type Add-on Acquisition
Deal Value 64M EUR

Target

Endeka Ceramics SA

Valencia, Spain
Endeka Ceramics SA is a supplier of raw materials and intermediate products to the ceramic tile and sanitary ware industries. Global presence with core manufacturing facilities in Spain, Italy, UK, Brazil, USA, Malaysia, India and China. Endeka Ceramics SA was established in 1994 and is based in Valencia, Spain.

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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 18 of 18
Sector: Building Materials M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
Country: Spain M&A 4 of 4
Year: 2017 M&A 3 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Gardenia Quimica S.A.

Onda, Spain

Gardenia Quimica S.A. produces mediums, additives, binders, and other ancillary products for the tile coatings industry. Gardenia Quimica S.A. was established in 1995 and is based in Onda, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Ferro’s Tile Coatings Business

Mayfield Heights, Ohio, United States

Ferro’s Tile Coatings Business produces coatings for ceramic tiles used in residential and non-residential construction. Historically, it has been part of the Company’s Performance Coatings reporting segment, along with Ferro’s Porcelain Enamel Business.

Sell $460M