Ferro Corporation to Sell its Specialty Plastics Facilities
CHEMMONITOR.COM – A. Schulman (the US) plans to acquire a specialty plastics business from Ferro Corporation (the US) for USD 91 million. The deal is scheduled to be closed in August, 2014.
Ferro Corporation’s business provides plastics compounds, liquid coatings and colorants. In 2013, the acquired specialty plastics unit generated profits of USD 154.