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

Inorganic pigments: Ferro completes acquisition of Nubiola

Thursday, 9 July 2015

Ferro Corporation announced that it has completed the acquisition of Barcelona-based pigment producer Nubiola for approximately USD 165 million, subject to customary working capital and other purchase price adjustments.

Nubiola is a worldwide producer of specialty inorganic pigments<custom name='underline'></custom> and one of the largest producers of Ultramarine Blue. Source: Nubiola
Nubiola is a worldwide producer of specialty inorganic pigments and one of the largest producers of Ultramarine B...

Nubiola is a worldwide producer of specialty inorganic pigments and one of the largest producers of Ultramarine Blue. Other products include specialty Iron Oxides, Chrome Oxide Greens and Corrosion Inhibitors. Nubiola employs approximately 750 people, including temporary employees, and has production facilities in Spain, Colombia, Romania, and India and a joint venture in China.

Nubiola will continue to operate under the Nubiola name, co-branded with the Ferro name.
Ferro has been actively pursuing acquisitions as part of a growth and value creation strategy. The Company acquired Vetriceramici, one of the leading producers of high-end tile coatings, last December. Mr. Thomas said, "We have a healthy pipeline of new products coming to market and under development, and we are looking at acquisition opportunities like Vetriceramici and Nubiola – companies with strong positions in their markets and synergies with our core glass-based coatings and color solutions operations. We are pleased with our progress and very excited about the future.”

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