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Ferro Acquisition of Endeka Completed
Ferro Corporation/US announced the closing of the previously communicated acquisition of Endeka Group/ES.
Endeka produces frits and glazes, digital inks and colours used in the manufacture of a broad range of ceramic products, including tile, tableware and sanitaryware. Ferro has been moving its tile-oriented portfolio up the value chain over the past few years, focusing on the high end of the market.
Ferro Corporation is a leading global supplier of technology-based functional coatings and colour solutions. Ferro supplies functional coatings for glass, metal, ceramic and other substrates and colour solutions in the form of specialty pigments and colourants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. The company’s reportable segments include: performance coatings (metal and ceramic coatings), performance colours and glass (glass coatings), and colour solutions. Headquartered in Mayfield Heights, Ohio, Ferro has approx 5300 associates globally and reported 2016 sales of USD 1,15 billion. Endeka, along with its forerunner companies, headquartered in Castellón, Spain, has been servicing the ceramics and tile industries for 60 years. Endeka has established a strong reputation for excellence through innovation and market leadership. Endeka prides itself on being on the leading edge of coatings technology and on its dedication to delivering personalized service to customers. Endeka full-year forecasted 2018 revenues are approx EUR 75 million and has approximately 340 employees who work in 9 facilities in Europe and Asia.