LONDON--(BUSINESS WIRE)--The Valence Group has advised Nubiola Group, a global producer of specialty colour pigments, on the sale of the company to Ferro Corporation. Ferro will acquire 100% of the equity of Nubiola for €146 million ($160 million).
About Nubiola Group
Nubiola is a family-owned producer of inorganic pigments, with headquarters in Barcelona, Spain. Nubiola is the world’s largest ultramarines producer, as well as a reliable partner in a wide range of pigments such as iron oxides, zinc ferrites, chrome oxide greens, chrome yellows, molybdate oranges and bismuth vanadates, in addition to corrosion inhibitors. The company employs about 600 people, has 5 production plants globally and a joint venture in China, and sells in more than 85 countries.
About Ferro Corporation
Ferro Corporation (FEO:NYSE) is a leading global supplier of technology-based performance materials, including glass-based coatings, pigments and colors, and polishing materials. Ferro products are sold into the building and construction, automotive, appliances, electronics, household furnishings, and industrial products markets. Headquartered in Mayfield Heights, Ohio, the Company has approximately 4,000 employees globally and reported 2014 sales of $1.1 billion. The Company currently has 33 manufacturing sites around the world and a broad customer base in more than 100 countries.
About The Valence Group
The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.