Ferro draws on revolving facility to help fund Cappelle acquisition

By Tali Rackner

Norfolk, Va., Dec. 9 – Ferro Corp. used borrowings under its existing revolving credit facility, along with cash on hand, to fund its acquisition of Cappelle Pigments, according to a press release.

Based in Mayfield Heights, Ohio, Ferro is a global supplier of technology-based performance materials, including glass-based coatings, pigments and colors and polishing materials. Cappelle is a Belgium-based inorganic and organic pigment producer.

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