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Home  > Markets & companies  > Raw materials market  > Ferro completes acquisition of Cappelle Pi...

Monday, 23 September 2019
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Markets & companies, Raw materials market

Ferro completes acquisition of Cappelle Pigments

Tuesday, 20 December 2016

Ferro Corporation has completed the acquisition of Belgium-based Cappelle Pigments, a leader in specialty, high-performance inorganic and organic pigments used in coatings, inks and plastics, for EUR50.5 million.

Ferro completes acquisition of Cappelle Pigments. Source: Walter Eberl/pixelio.de

Ferro completes acquisition of Cappelle Pigments. Source: Walter Eberl/pixelio.de

The acquisition was previously announced on October 17, 2016.

Strong reputation in bismuth vanadates

The transaction was funded through excess cash and borrowings under the Company’s existing revolving credit facility.

Cappelle is a 125-year-old premium pigment producer and a market leader in inorganic pigments. Cappelle’s pigments complement Ferro’s market leadership positions in complex inorganic coloured pigments (CICPs) and ultramarine blue pigments. Cappelle has a strong reputation in bismuth vanadates, offering yellow, orange and red shade varieties, which provide an environmentally friendly alternative to lead chromates in high-performance applications. Cappelle’s organic pigments offer superior heat, light and environmental wear resistance.

Increasing sales in PPO business

"This acquisition strengthens our colour solutions business by facilitating our expansion into the high-performance, specialty organic pigment market and complementing our inorganic pigment portfolio,” said Peter Thomas, Chairman, President and CEO of Ferro Corporation. "The transaction will significantly expand our addressable market for pigments and increase sales in our pigments, powders and oxides (PPO) business by approximately EUR67 million.  Pigments produced by Cappelle and Ferro can be combined or blended with other mediums to produce specialized color solutions that enhance functionality and effectiveness of our customers’ end products while improving customers’ efficiency. We are delighted to welcome the Cappelle team to Ferro and are eager to leverage the enhanced capabilities that the acquisition provides.”

 

 

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