Ceramic Industry

Heraeus and Ferro Announce Business Acquisitions

April 23, 2010

Heraeus and Ferro Corp. recently announced that they have signed a definitive agreement to acquire from each other certain business lines concerning decoration materials for ceramic and glass products. The agreement is subject to customary closing conditions; the companies expect the transactions to close by May 1, 2010.

The Heraeus precious metals and technology group has agreed to acquire Ferro's business operations in precious metal preparations and lusters for the decoration of glass, ceramics, porcelain and tile. Heraeus has been in this business since 1896, and it is expected that this acquisition will enhance its position as a market leader in precious metal preparations for the decoration industry.

Ferro will acquire Heraeus’ ceramic color business, which includes both lead-free and lead-containing colors for decorating glass, ceramics, porcelain and tile. Ferro will also acquire the glazes, pigments and auxiliary businesses from Heraeus to further establish the company as a market leader in the ceramic colors industry.

“With these acquisitions, both companies are focusing on their core competencies and areas of expertise,” said Dieter Binder, business director of Ferro's Performance Pigments and Colors business.

According to Ralf Droste, vice president of Heraeus’ Thick Film Materials Division, “This transaction will enable both companies to offer their customers broadened technical service, more targeted products and greater innovation.”

For more information, visit www.ferro.com or www.heraeus.de.