Ferro Sells Petroleum Additives, Specialty Ceramics Units
CLEVELAND -- Ferro Corp. announced the sale of its Petroleum Additives business to Dover Chemicals, a subsidiary of ICC Chemicals Inc. The business produces fuel additives and metalworking lubricants at a single operating facility in Hammond, IN. Sales for the business were approximately $32 million in 2002.
Ferro also said it completed the previously announced sale of its Specialty Ceramics business to the investment group CerCo L.L.C. The sale includes two manufacturing sites in Ohio and one manufacturing plant in Spain.