M&A Deal Summary

Ferro Acquires Pinturas Benicarló S.L.

On June 1, 2016, Ferro acquired chemicals company Pinturas Benicarló S.L. for 15M EUR

Acquisition Highlights
  • This is Ferro’s 7th transaction in the Chemicals sector.
  • This is Ferro’s 7th largest (disclosed) transaction.
  • This is Ferro’s 2nd transaction in Spain.

M&A Deal Summary

Date 2016-06-01
Target Pinturas Benicarló S.L.
Sector Chemicals
Buyer(s) Ferro
Deal Type Add-on Acquisition
Deal Value 15M EUR

Target

Pinturas Benicarló S.L.

Benicarlo, Spain
Pinturas is an industrial paints producer with many years of experience in the manufacture and sale of industrial paints, specializing in glass painting. Pinturas provides high quality specialized paints and technical assistance and partners with large international companies that require high-quality standards and significant R&D support.

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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 12 of 18
Sector: Chemicals M&A 7 of 10
Type: Add-on Acquisition M&A Deals 8 of 13
Country: Spain M&A 2 of 4
Year: 2016 M&A 2 of 5
Size (of disclosed) 7 of 10
PREVIOUS 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
FOLLOWING 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 -