Ferro To Sell Rotterdam Property Rights

Ferro has announced a buyer and the selling price for its previously announced sale of certain property rights related to its porcelain enamel frit manufacturing facility at Rotterdam. Brix Houwelingen Projecten XVIII has agreed to purchase the rights for about €2.9 million ($4.5 million). The deal is expected to close in the fourth quarter of 2008. Ferro announced in November 2007 its plans to discontinue the production of porcelain enamel frit at Rotterdam during 2008 and to consolidate the production at other Ferro...

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