Italy’s Star Capital has agreed to sell Vetriceramici, a supplier of ceramic coatings to high-end tile manufacturers, to Ferro Corporation (NYSE: FOE). The cash transaction of €83 million ($107 million) is expected to close by December 1, funded with excess cash and a draw on the company’s revolving credit facility. Founded in 1987, Vetriceramici had sales of roughly €53 million ($68 million) in the 12 months preceding July 2014, achieving compounded annual sales growth of 9.3% over the last three fiscal years. The company operates manufacturing facilities in Italy and Mexico, a mixing plant in Poland, and R&D and sales offices in Italy and Turkey. Star Capital, which has backed Vetriceramici since 2006, estimates a transaction multiple of 4.9x based on estimated July 2014 trailing 12 month EBITDA and expected synergies.