EQUITA assisted Vetriceramici

K Finance - Mid-market M&A advisory
Vetriceramici 1920x1080
Vetriceramici 1920x1080

Ferro Corporation (listed on the New York Stock Exchange; NYSE: FOE) has bought from Star Capital SGR Spa and two minority shareholders Vetriceramici Spa.

K Finance, a partner of Clairfield International, served as co-advisor to Vetriceramici.

Vetriceramici is a leading producer of ceramic dyes for high-end tile manufacturers and has reported revenues of about €53 million in the past 12 months and has achieved an average sales growth of 9.3 percent per year over the past three years. It has production plants in Italy (Casola Valsenio, RA) and Mexico, a blending plant in Poland, research center and sales offices in Fiorano, and a sales office in Turkey.

With this acquisition, which came for an enterprise value of 83 million euros, Ferro will expand its growth opportunities, broadening its product portfolio and strengthening its positioning in markets with strong growth prospects, such as the United States, Mexico, Turkey and Eastern Europe, thanks in part to the contribution of the quality and experience of Vetriceramici's management.

The transaction in a nutshell

2014 12 Tombstone Vetriceramici Ferro (2)

With this acquisition, Ferro will expand its growth opportunities.

Client:
Vetriceramici
Date:
December 2014
Mandate:
Ferro Corporation bought from Star Capital SGR Spa and two minority shareholders Vetriceramici Spa.
Role:
Financial Advisor
Value:
Undisclosed
Typology:
M&A advisory
Advisor:
EQUITA Mid Cap Advisory

The company

Vetriceramici S.p.A designs, develops, manufactures and supplies special products for the ceramic industry in Italy and around the world. Vetriceramici produces colored glass grits, technical grits, colored micro-grits, frits, double-loading products, ceramic glazes and digital printing inks. Its products are used in various high value-added applications in the ceramic tile, coloring and glass industries. Vetriceramici was founded in 1987 by Gianfranco Padovani and Sergio Zannoni, employs more than 200 people and is based in Casola Valsenio (RA) and Fiorano (MO), Italy. Financial coadvisor for Vetriceramici was William Blair and legal advisors the firm Accinni, Cartolano and Associates.

Ferro Corporation is a leading global supplier of glass dyes, pigments, colors and polishing materials. Ferro's products serve the building materials, automotive, home appliances, electronics, furniture and industrial products industries. Headquartered in Mayfield Heights, Ohio (United States), the Company employs about 4,020 people worldwide. Legal advisor for Ferro Corporation has been Jones Day.