Ceramic Industry

Ferro Acquires EMCA-Remex

January 9, 2001
Ferro Corp. recently announced that it has acquired EMCA-Remex from National Starch and Chemical Co., Bridgewater, N.J. Terms of the agreement were not disclosed. EMCA-Remex is a division of National Starch and Chemical's Electronic and Engineering Materials Division. EMCA-Remex specializes in the production of thick film pastes for hybrid microelectronics. These materials are used in applications in the automotive, telecommunication and consumer electronics markets. The business has a technology and distribution agreement for resistor formulations that provides exclusive selling rights in the United States and Europe. EMCA-Remex has annual sales of approximately $15 million and enjoys strong demand for its products.

Hector R. Ortino, chairman and chief executive officer of Ferro, said, "We continue to invest in our electronic materials business to build greater scale. This latest acquisition nicely complements our existing product line and is another step toward our goal of building a core business in this area. Through a combination of internal strategic changes, acquisitions and strong demand, in a short period of time we have built an electronic materials business that is a much more significant driver of Ferro's overall performance."

For additional information, call (216) 875-7155 or visit http://www.ferro.com.

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