Jones Day has advised Ferro Corporation in its acquisition of S.P.C. Group s.r.l. and Smalti per Ceramiche, s.r.l., a high-end tile coatings manufacturer based in Italy that focuses on fast-growing specialty products, for approximately €19.8 million on a cash and debt free basis.
Ferro Corporation is a leading global supplier of technology-based functional coatings and color solutions. Ferro supplies functional coatings for glass, metal, ceramic and other substrates and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications.
Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. The Companys reportable segments include: Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color solutions.
Jones Day has advised Ferro Corporation on the deal with a team led by partners Patrick Leddy and Stefano Crosio (picture).
Law Firms: Jones Day;
Clients: Ferro Corporation;