Ferro Corp.

Ferro Corp.

Ferro Corp.

Overview
Date Founded

1919

Headquarters

6060 Parkland Boulevard, Suite 250, Mayfield Heights, OH, 44124, USA

Type of Company

Public

Employees (Worldwide)

5,922

Industries

Building Products & Construction Materials
Chemicals

Company Description

Ferro’s technologies add value to the products of thousands of manufacturers around the world, and enhance the lives of millions of consumers. Our skills in particle engineering, color and glass science, surface application and formulation allow us to develop materials that meet the most demanding requirements in a wide range of applications. As a leading innovator, Ferro has pioneered numerous technologies in the ceramics, electronics, glass and pigments markets. Some of our most rapidly growing product lines include inks for digital printing on decorative tiles, metal powders for consumer electronics, organic coatings and infrared-reflective pigments. Headquartered in Cleveland, Ohio, Ferro operates facilities in 26 countries and sells products in more than 100 countries. Our global manufacturing footprint spans North America, South America, Europe and Asia-Pacific, and is well-positioned to serve our growing worldwide customer base. Our 4,860 employees embrace a philosophy we call Win from Within, which guides everything we do. The tenets of Win from Within focus on performance, accountability, velocity, operational excellence and a genuine, unrelenting commitment to customer success. We compete and win by continuously innovating and providing superior technical support, product quality and service to our customers Ferro is almost everywhere you look—in fact, the computer you’re using now probably contains our products on its circuit boards. From your mobile device to your car to your coffee cup, our materials provide strength, beauty, protection or specific performance characteristics to products you enjoy and depend on every day. To help you learn more about our company, use the navigation index to the left of this page. We’ve provided an overview of how we operate and our growth vision, a recap of our history, a matrix of the application and geographic markets served by our businesses, and information about our management team and Ferro's commitment to social responsibility

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer & Group Vice President

Chief Financial Officer & Vice President

Vice President, General Counsel & Secretary

Interim Controller & Chief Accounting Officer

Vice President of Global Sourcing & Supply Chain

Vice President of Corporate Development

Vice President-Europe, Performance Colors & Glass

Group Vice President-Global Operations

Vice President-Innovation & Strategic Marketing

Board of Directors

Former Director, President & Chief Executive Officer at Ferro Corp.

Director at A Chance to Change Foundation

Executive Vice President at Enterprise Services LLC

Director at Vectra Co.

President, Rockwood Pigments & Additives & Sachtleben Titanium Dioxide Pigments at Rockwood Holdings LP

Co-Founder at FrontFour Capital Group LLC

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Owners & Shareholders
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GAMCO invests in a variety of US and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. They offer a wide spectrum of investment products and strategies under the Gabelli and GAMCO brands covering US equities, US fixed income, global and international equities, and convertible securities using value and growth investment styles, a variety of capitalization sizes, and ESG strategies. The firm's value portfolio uses fundamental research to identify undervalued companies whose securities trade at a significant discount to the price that they believe an investor would be willing to pay to acquire such companies. The firm also seeks to identify catalysts that might unlock private market value. GAMCO's growth portfolio invests in companies with superior growth prospects whose stocks appear undervalued relative to their future earnings stream.

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Luminus Management seeks to achieve positive investment returns by identifying inefficiencies in the power, energy, utilities and related sectors. They formulate investment decisions based on the use of fundamental and technical analysis. The firm's core strategy focuses on investments across the capital structure of publicly traded power, energy, utility and related companies. Luminus also implements opportunistic investments within these sectors. They may seek both short-term and long-term trading opportunities.Luminus' core strategy focuses on investments across the capital structure of publicly traded power, energy, utilities and related companies. The firm also implements opportunistic investments in the power markets and private investments within the power, energy, utilities and related industries and sectors. Luminus may use certain derivative instruments in the investment strategy may increase leverage, returns, risk and possibilities of rapid gains or losses as well as expose clients to counterparty risk. Investments may be in securities or investments that are considered illiquid or semi-illiquid, or could become illiquid or semi-illiquid in a difficult market environment. The funds utilize leverage to attempt to enhance returns.

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Omega Advisors, Inc. was founded in 1991 by Leon G. Cooperman, and is registered as an investment advisor with the U.S. Securities and Exchange Commission. Omega has approximately $3.8 billion under management (as of July 31, 2018).

Recent Transactions
Details Hidden

Esmalglass SA, Pigments Spain SL purchase Ferro Corp. /Tile Coatings Business from Ferro Corp.

Details Hidden

Ferro Corp. purchases UWiZ Technology Co., Ltd.

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Ferro Corp. purchases Ernst Diegel GmbH

Transaction Advisors
Legal Advisor

Advised onEsmalglass SA, Pigments Spain SL purchase Ferro Corp. /Tile Coatings Business from Ferro Corp.

Underwriter

Advised onFerro Corp. issued USD Common Stock

Auditor

Advised onFerro Corp. issued USD Common Stock

Legal Advisor

Advised onEsmalglass SA, Pigments Spain SL purchase Ferro Corp. /Tile Coatings Business from Ferro Corp.

Legal Advisor

Advised onEsmalglass SA, Pigments Spain SL purchase Ferro Corp. /Tile Coatings Business from Ferro Corp.

Associate

Advised onFerro Corp. purchases Nubiola Pigmentos Sl

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Advisor

Senior Vice President & Chief Financial Officer at Diebold Nixdorf, Inc.

Legal Advisor

Founder at Margaret W. Wong & Associates

Clients

PT Arwana Citramulia Tbk engages in the manufacture and sale of tiles, granite, and ceramic products. It operates through the Manufacturing and Distribution segments. The company was founded by Tandean Rustandy on February 22, 1993 and is headquartered in Jakarta, Indonesia.

Ralec Electronic Corp. engages in the manufacture and sale of chip resistor and resistor array. Its products include chip resistor, current sensing, and array resistor. Its chip resistor products include general purpose, thin film, high power, precision, anti-sulfurated, anti-surge, high voltage, and attenuators. Its current sensing products include metal alloy, metal alloy jumper, thick film current sensing, high power thick film low ohmic, and precision think film low ohmic. Its array resistor products include convex array, concave array, network, anti-sulfurated array, and flat-type array. The company was founded on December 2, 1994 and is headquartered in Kaohsiung, Taiwan.

Key Stats and Financials As of 2019
Market Capitalization
$900M
Total Enterprise Value
$1.97B
Earnings Per Share
$0.07
Revenue
$1.02B
EBITDAMargin
13.51%
Enterprise Value Sales
1.94x
Enterprise Value EBITDAOperating
14.17x
TEVNet Income
326.77x
Debt TEV
0.42x
Net Profit
$6.04M
Total Equity
$370M
EBITDA
$138M
Total Debt
$830M
Three Year Compounded Annual Growth Rate Of Revenue
-3.84%
Five Year Compounded Annual Growth Rate Of Revenue
-1.74%
Non-Profit Donations & Grants
Political Donations
$250
1999
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