Prince International Announced That It Will Acquire Ferro For $22 Per Share In Cash

According to relevant media reports, on May 11, Prince International of the United States announced that it would acquire Ferro for $22 per share in cash, with a transaction value of approximately $2.1 billion. Prince said that after the completion of the acquisition, Flow will merge with Chromaflo Technologies, a colorant technology solution provider. The merger will bring about diversified businesses worldwide, with sales of approximately US$2 billion.

Public information shows: Prince is a manufacturer of specialty chemicals, minerals and industrial additives, employing approximately 1,200 employees in 21 factories on 6 continents.

Ferro Company is a supplier of technical functional coatings and color solutions. In the form of special pigments and colorants, it provides functional coatings for glass, metal, ceramics and other substrates, which are widely used in industrial and application fields. It has approximately 3,700 employees worldwide and sales of 959 million US dollars in 2020.