0000035214-17-000048.txt : 20171106 0000035214-17-000048.hdr.sgml : 20171106 20171106162805 ACCESSION NUMBER: 0000035214-17-000048 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171106 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171106 DATE AS OF CHANGE: 20171106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FERRO CORP CENTRAL INDEX KEY: 0000035214 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] IRS NUMBER: 340217820 STATE OF INCORPORATION: OH FISCAL YEAR END: 1216 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00584 FILM NUMBER: 171179760 BUSINESS ADDRESS: STREET 1: 6060 PARKLAND BLVD CITY: MAYFIELD HEIGHTS STATE: OH ZIP: 44124 BUSINESS PHONE: 216-875-5458 MAIL ADDRESS: STREET 1: 6060 PARKLAND BLVD CITY: MAYFIELD HEIGHTS STATE: OH ZIP: 44124 8-K 1 foe-20171106x8k.htm 8-K 8-K

 





UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934





 

 

Date of Report (Date of earliest event reported):

 

November 1, 2017



Ferro Corporation

__________________________________________

(Exact name of registrant as specified in its charter)





 

 



 

 

Ohio

1-584

34-0217820

_____________________

(State or other jurisdiction

_____________

(Commission

______________

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)



 

 

6060 Parkland Boulevard Suite 250, Mayfield Heights, Ohio

 

44124

_______________________________ 

(Address of principal executive offices)

 

___________

(Zip Code)





 

 

Registrant’s telephone number, including area code:

 

216-875-5600



Not Applicable

______________________________________________

Former name or former address, if changed since last report



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

[  ]     Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]  

 

 

 





Item 7.01 Regulation FD Disclosure.

On November 1, 2017, Ferro Corporation (the “Company”) issued a press release (the “Press Release”) announcing that it has completed the previously communicated acquisition of Endeka Group.  A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated in this Item 7.01 by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits



The following exhibits are furnished with this Current Report on Form 8-K:









 

Exhibit No.

Exhibit Description

99.1

Press Release dated November 1, 2017





 

 

 







SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.







 

 

 

 



 

 

 

 



 

Ferro Corporation



 

 

 

 

Date: November  6, 2017

 

By:

 

/s/ Mark H. Duesenberg



 

 

 

 

 

 



 

 

 

Name: Mark H. Duesenberg



 

 

 

Title: Vice President, General Counsel and Secretary





 

EX-99.1 2 foe-20171106xex99_1.htm EX-99.1 Exhibit 99.1

 





FERRO ACQUISITION OF ENDEKA COMPLETED



Nov. 1, 2017 – CLEVELAND, OH, USA and Castellon, Spain -- Ferro Corporation (NYSE: FOE), a leading global provider of functional coatings and color solutions, today announced the closing of the previously communicated acquisition of Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile market.



Endeka produces frits and glazes, digital inks and colors used in the manufacture of a broad range of ceramic products, including tile, tableware and sanitaryware. This transaction backward integrates Ferro into certain key raw materials used in the manufacture of ceramic coating materials.



Julio Garcia, VP Europe, says “Ferro has been moving its tile-oriented portfolio up the value chain over the past few years, focusing on the high end of the market. We also have focused on achieving operating efficiencies and product innovation to ensure that our customers receive the highest quality products and services. With the Endeka Group acquisition, Ferro has strengthened its value creating strategy through growth and dynamic innovation by enlarging our customer base in existing markets while providing a complementary product portfolio and establishing a solid base for growth.”



According to Luca Pecorara, Europe Operations Director: “With this acquisition we will increase the value for our customers, providing high-end products and improved service by leveraging the best practices of each company. Endeka’s state of the art facilities will provide the required capacity to accomplish our growth plans.”



Luca Pecorara and Jose Cabedo (Endeka COO) will lead the integration of with the objective of combining the demonstrated technical and commercial experience of both teams to provide more value to our customers.

About Endeka Group 

Endeka (http://endekaceramics.com/en/), along with its forerunner companies, headquartered in Castellon, Spain, has been servicing the ceramics and tile industries for 60 years. Endeka has established a strong reputation for excellence through innovation and market leadership. Endeka prides itself on being on the leading edge of coatings technology and on its dedication to delivering personalized service to customers. Endeka full-year forecasted 2018 revenues are approximately €75 million (approximately $88 million) and has approximately 340 employees who work in 9 facilities in Europe and Asia.

About Ferro Corporation 

Ferro Corporation (www.ferro.com) is a leading global supplier of technology-based functional coatings and color solutions. Ferro supplies functional coatings for glass, metal, ceramic and other substrates and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. The Company’s reportable segments include: Performance Coatings (metal and ceramic coatings), Performance Colors and Glass (glass coatings), and Color Solutions. Headquartered in Mayfield Heights, Ohio, the Company has approximately 5,300 associates globally and reported 2016 sales of $1.15 billion.



Contacts:

Ferro Spain, S.A.

Joaquin Mallen, +34 964 504 105

Joaquin.mallen@ferro.com