- Engagement Type: Sell-Side Advisory
- Primary Sector: Industrial Technology
Electro-Science Laboratories, Inc.
Ferro Corporation (NYSE:FOE) today announced that it has acquired Electro-Science Laboratories, Inc. and a U.K.-based affiliate (collectively “ESL”), a leader in electronic packaging materials. Ferro paid $75 million, excluding customary adjustments and fees for the privately held company headquartered in King of Prussia, Pennsylvania. Agmet Limited, the affiliate, is based in Reading, England.
The acquisition of ESL enhances Ferro’s position in the electronic packaging materials space with complementary products, and offers an attractive platform for growth in Ferro’s Performance Colors and Glass business unit.
