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Ferro Completes Acquisition of Italian Tile Coatings Manufacturer Vetriceramici

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Ferro Completes Acquisition of Italian Tile Coatings Manufacturer Vetriceramici CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE, “Company”) announced today that it has completed the acquisition of tile coating manufacturer Vetriceramici S.p.A. for €83 million (approximately $104 million), subject to customary working capital and other purchase price adjustments. Vetriceramici was owned by Milan, Italy-based Private Equity Funds’ Management Company Star Capital SGR S.p.A. and other related minority owners. The acquisition was previously announced on September 21, 2 Reported by Business Wire 3 hours ago.

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