CLEVELAND - Ferro Corp. completed the sale of its Powder Coatings business unit in separate transactions with Akzo Nobel N.V. and Rohm and Haas Co., with the sale valued at approximately $160 million including the assumption of "certain liabilities" by the two acquiring companies.
Akzo Nobel purchased Ferro's powder-coatings operations in the Americas and the Asia-Pacific region, while Rohm and Haas purchased the business's European operations.