CLEVELAND - Ferro Corp., Mayfield Heights, OH, has completed the acquisition of Barcelona-based Nubiola for €149 million (approximately $165 million), subject to customary working capital and other purchase price adjustments. The acquisition was previously announced on April 29, 2015.
Nubiola is a worldwide producer of specialty inorganic pigments and the world’s largest producer of ultramarine blue. Other products include specialty iron oxides, chrome oxide greens and corrosion inhibitors. Nubiola employs approximately 750 people, including temporary employees, and has production facilities in Spain, Colombia, Romania, and India and a joint venture in China.