Ferro Additives Go To H.I.G. | Chemical & Engineering News
Volume 93 Issue 1 | p. 12 | Concentrates
Issue Date: January 5, 2015

Ferro Additives Go To H.I.G.

Department: Business
Keywords: specialty chemicals, private equity

Ferro has sold its polymer additives business to the private equity firm H.I.G. Capital for $154 million. The business generates annual sales of about $200 million by producing polymer modifiers, lubricants, and stabilizers at six plants in the U.S. and U.K. H.I.G. has renamed the business Valerus Specialty Chemicals. Other chemical firms in H.I.G.’s portfolio include fine chemicals maker American Pacific, melamine producer Cornerstone Chemical, and reference fuels provider Haltermann. Ferro sold its specialty plastics business to A. Schulman earlier this year.

 
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