Ferro Announces Termination of Negotiations to Sell Specialty Plastics Business
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Ferro Corporation announced that it has discontinued discussions with Wind Point Partners regarding the sale of its Specialty plastics business.
"We did not feel that we could reach an agreement that provided Ferro shareholders with the full value of this business," said James Kirsch, Ferro President and Chief Executive Officer. "We will continue to operate the Specialty Plastics business, and expect it to remain a positive contributor to Ferro's operations. As we go forward, we will continue to pursue portfolio realignment activities that we believe best serve the interests of our shareholders and the growth objectives of the Company."