More news
- A wild ride for U.S. construction and housing: Coatings and adhesives opportunities in 202...
- Levant paint industry and market marred by armed conflict and civil turmoil
- Adhesives could play a key role in reducing carbon footprint of renewable energy
- Innovate when you can in fast moving world, FEICA hears
- EU round up – Paint lobbyists face experienced new European commission team for 2024-29
Ferro Corporation has announced that it has signed a definitive agreement with the shareholders of Barcelona-based Nubiola Pigmentos to acquire 100% of the equity of Nubiola, on a cash-free and debt-free basis, for €146M.
Based on 2014 EBITDA, excluding expected transaction synergies, the acquisition purchase price represents a transaction multiple of approximately 7X. The transaction is subject to customary closing conditions and is expected to be completed by the end of June.
Nubiola is a worldwide producer of speciality inorganic pigments and the world’s largest producer of Ultramarine Blue, a high-value pigment for plastics and construction industries due to its durability, unique colour attributes and its whitening capability. Nubiola generated 2014 annual sales of US$119M and achieved compound annual growth of 4.1% over the past three years.
