The Firm is representing Ferro Corporation (NYSE: FOE) (“Ferro”), in connection with Ferro’s proposed acquisition by Prince International Corporation (“Prince”), a portfolio company of American Securities LLC, for $22 in cash per share in a transaction valued at approximately $2.1 billion. The transaction is subject to customary closing conditions, including the approval of Ferro’s shareholders and regulatory approvals, and is currently expected to close in the first quarter of 2022.
Ferro is a global supplier of technology-based functional coatings and color solutions, headquartered in Mayfield Heights, Ohio. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. Headquartered in Houston, Texas, Prince International Corporation specializes in developing, manufacturing and marketing performance-critical specialty products for niche applications in the construction, electronics, consumer products, agriculture, automotive, oil & gas, industrial and other end markets.
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