Ferro Corp. to buy Italian company for $108 million

Story excerpt provided by Crain’s Cleveland Business.

Ferro Corp. (NYSE: FOE) of Mayfield Heights said it has agreed to buy Vetriceramici S.p.A., a Casola Valsenio, Italy-based supplier of ceramic coatings to high-end tile manufacturers, for about $108 million.

The sellers are Milan, Italy-based Private Equity Funds’ Management Company Star Capital SGR S.p.A., as well as two minority owners and founders Gianfranco Padovani and Sergio Zannoni.

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Originally published September 22, 2014.

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