Ceramic Industry News

Ferro Announces Purchase Agreement for Rotterdam Site (posted 3/28/08)

March 28, 2008
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Ferro Corp. has entered into an agreement to sell certain property rights related to the company’s porcelain enamel frit manufacturing facility in Rotterdam, The Netherlands, to Brix Houwelingen Projecten XVIII B.V. for approximately €2.9 million (about $4.5 million). The sale is expected to close in the fourth quarter of 2008 after receipt of certain conditions, including local government consents and completion of the buyer’s environmental survey of the property.

Ferro announced on November 2, 2007, its intention to discontinue the manufacture of porcelain enamel frit at the Rotterdam location during 2008 and to consolidate the production at other Ferro locations.

Visit www.ferro.com for additional information.


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