Prince International Corporation to acquire Ferro Corporation for $ 22.00 per share in cash transaction valued at approximately $ 2.1 billion


HOUSTON, May 11, 2021 / PRNewswire / – Prince International Corporation (“Prince”), a holding company of American Securities LLC, today announced the acquisition of Ferro Corporation for $ 22.00 per share in cash, in a transaction valued at around $ 2.1 billion, including debt assumption, net of cash. The deal was unanimously approved by Ferro’s board of directors.

Concurrent with the closing of the transaction, the company will partner with Chromaflo Technologies, a leading global provider of colorant technology solutions and also a US securities holding company. The combination of Prince, Ferro and Chromaflo will result in a diverse global business with sales of approximately $ 2 billion.

“We are delighted to combine Prince, Ferro and Chromaflo, each a leader in their respective markets, to form a true global technology leader in color solutions, functional coatings and specialty minerals,” said D. Michael wilson, CEO of the Prince. “The combination will create a company with unmatched skills in particle engineering, glass science and color technology. It will improve our ability, globally, to deliver cutting-edge products and innovative solutions that enrich everyday life. “

The transaction is expected to close in the first quarter of 2022, subject to the approval of Ferro shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.

Morgan Stanley & Co. LLC and Barclays acted as financial advisers to Prince International Corporation and Kirkland & Ellis LLP as legal advisers. Lazard Freres & Co. LLC served as financial advisor to Ferro Corporation and Simpson Thacher & Bartlett LLP served as legal advisor.

About Prince International Corporation
Based at Houston, texas, Prince specializes in the development, manufacture and marketing of performance-critical specialty products, many of which are custom-developed, for niche applications in the construction, electronics, consumer products industries. , agriculture, automotive, oil and gas, industry and other end markets. Prince employs approximately 1,200 people at its 21 facilities located on 6 continents. Prince is an American Securities LLC holding company. For more information visit

About Ferro Corporation
Ferro Corporation ( is one of the world’s leading providers of technology-based functional coatings and color solutions. Ferro provides functional coatings for glass, metal, ceramics and other substrates and color solutions in the form of special pigments and dyes for a wide range of industries and applications. Ferro products are sold in the building and construction, automotive, electronics, industrial products, furniture and home appliance markets. Company segments to present include: Functional Coatings and Color Solutions. Based at Mayfield Heights, Ohio, the company has approximately 3,700 associates worldwide and reported 2020 sales of $ 959 million.

About Chromaflo Technologies
Chromaflo Technologies is one of the world’s leading independent suppliers of dye and pigment dispersions systems, serving customers in the architectural and industrial coatings as well as the thermosetting composites market. Based at Ashtabula, Ohio, Chromaflo has approximately 715 employees and has production facilities in the United States, Mexico, Uruguay, Canada, The Netherlands, Finland, Australia, South Africa, India, Malaysia, and China. Chromaflo is a holding company of American Securities LLC. For more information visit


Lauren Odell / Max Dutch
Gladstone Place Partners
(212) 230-5930

SOURCE Prince International Corporation

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