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Enters into agreement to acquire Cappelle Pigments NV, acquired certain assets of Delta Performance Products.
October 25, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ferro Corporation entered into an agreement to acquire Cappelle Pigments NV and acquired certain assets of Delta Performance Products for aggregate consideration of approximately $60 million. Sales for the two businesses in 2016 are estimated to be approximately $76 million in the aggregate and adjusted EBITDA in 2016 is expected to be approximately $11 million. Ferro signed a definitive agreement to acquire 100% of the stock of Belgium-based Cappelle Pigments for €50.5 million (approxim...
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