Ferro acquires Dip-Tech for US$60M

Ferro Corporation, a global provider of functional coatings and colour solutions, has acquired Dip-Tech, a world-leading provider of digital ceramic in-glass printing solutions.

Ferro Corporation is headquartered in Cleveland, USA and Dip-Tech is based in Kfar Saba, Israel.

Ferro acquired the company for US$60M.

Dieter Binder, Vice President of Ferro’s Performance Colors and Glass business, said: "The addition of Dip-Tech to Ferro expands our offering to the fast-growing digital glass printing segment.

"Together, we look forward to actively shaping change in the glass industry.

"Combining the strengths of Ferro and Dip-Tech will enable us to better serve customers by providing them with a complete, optimised solution of printers, software, inks, and service.

"With Ferro’s extensive colours, ink development, production, and logistics capabilities, and with Dip-Tech’s technology and know-how, we are equipped to further enhance customers’ productivity, efficiency and business opportunities.”

Alon Lumbroso, Chief Executive of Dip-Tech, stated: "We are excited to join forces with Ferro to develop and provide advanced products and solutions to the worldwide glass market.

"As we unite our teams, we look forward to presenting glass markets with a wider range of leading-edge products and capabilities.”