Lone Star Funds’s $460 Million Acquisition Of Tile Coatings Business From Ferro Corporation

Jones Day is advising Ferro Corporation.

Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, announced the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.

The Jones Day team was led by Patrick Leddy (Picture) and Stefano Crosio.

Involved fees earner: Stefano Crosio – Jones Day; Patrick Leddy – Jones Day;

Law Firms: Jones Day;

Clients: Ferro Corporation;

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Author: Ambrogio Visconti