Prince International (American Securities) Acquires Ferro Corporation and Combines with Chromaflo to Form Vibrantz Technologies
April 21, 2022
Prince International Corporation, a portfolio company of American Securities LLC, acquired Ferro Corporation for $22.00 per share in an all-cash transaction valued at approximately $2.1 billion. At closing, Prince combined Ferro with Chromaflo Technologies (also an American Securities portfolio company) and rebranded the combined business as Vibrantz Technologies, a global leader in color solutions, performance coatings and advanced materials.
- Buyers
- Prince International Corporation, American Securities LLC
- Targets
- Ferro Corporation
- Sellers
- Ferro shareholders
- Platforms
- Prince International Corporation
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Addon
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