H.I.G. Buys Ferro's Polymer Additives, Rebrands as Valerus
December 23, 2014
H.I.G. Capital has purchased the majority of the assets associated with Ferro's (NYSE: FOE) Polymer Additives Division for around $154 million in cash. The assets will be rebranded and operate as Valerus Specialty Chemicals. Providing specialty chemicals that impart attributes such as resiliency and flame retardancy to polymers, Valerus has 250+ active SKUs of polymer modifiers, lubricants and stabilizers. It is expected to generate over $200 million in revenue for 2014.