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Vetriceramici is one of the leading suppliers of ceramic coatings to high-end tile manufacturers
September 22, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ferro Corporation has signed a definitive agreement with Milan, Italy-based Private Equity Funds’ Management Company Star Capital SGR S.p.A. and two minority owners and founders Gianfranco Padovani and Sergio Zannoni to acquire Casola Valsenio, Italy-based Vetriceramici S.p.A. for €83 million (approximately $108 million) in cash. The transaction will be funded with excess cash and a draw on the company’s existing revolving credit facility and is expected to close by Dec. 1, 2014, subject to cust...
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