Chemical Week Magazine :: Business & Finance :: United States/Americas
Ferro sells solar pastes; investors critique management
8:42 AM MST | February 8, 2013 | —Vincent Valk
Quinn: Taking a seat on Ferro’s board? Ferro has sold its solar pastes business to Heraeus (Hanau, Germany), a privately held precious metals technology company, for an undisclosed sum, the company says. The deal completes a strategic review of the business that was announced in October. The sale “will eliminate approximately $17 million of negative drag on operating earnings from the solar pastes business,” says Ferro interim CEO Peter Thomas. The sale will also reduce Ferro’s debt by $11 million and its precious metals consignment...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee