17 October 2016
About Cappelle Pigments
Cappelle Pigments (www.Cappelle.be)
is a privately owned producer
of high-grade organic and inorganic pigments.
The 125-year-old company is headquartered in
with an additional production site in
has a worldwide representation and sales
in more than 75 countries.
Main products are Bismuth Vanadates,
transparent iron oxides and
organic high-performance pigments.
About Delta
On
certain assets of Delta Performance Products.
This business produces customized colorant blends
that utilize Ferro’s CICPs
for the concrete and outdoor hardscape markets.
DETAILS
entering into an agreement to acquire
* the acquisition of certain assets of
Delta Performance Products (“Delta”),
for aggregate consideration of approximately
Sales for the two businesses in 2016
are estimated to be approximately
in the aggregate and adjusted EBITDA in 2016
is expected to be approximately
Based on estimated 2016 adjusted EBITDA,
excluding expected synergies, the purchase price
of the two businesses represents
a combined transaction multiple of approximately 5.6X.
Chairman, President and CEO
of
to our growing Pigments business.
Both fit extremely well into the strategy
for our color solutions businesses,
and we are excited about the opportunities
these assets present to enhance shareholder value.
Over the next 12 to 24 months,
between the two businesses, we expect
to realize commercial and operating synergies
of
Source:
Ferro Corporation
Investors:
John Bingle, 216-875-5411
Treasurer and Director of Investor Relations
john.bingle@ferro.com
or
Media:
Mary Abood, 216-875-5401
Director, Corporate Communications
mary.abood@ferro.com
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