Ferro to acquire Fortissimo's Dip-Tech in $80M deal
August 04, 2017
Commercial Services | Kfar Saba, Israel | Corporate Acquisition
Ferro has agreed to acquire Dip-Tech from Fortissimo in a deal worth up to $80 million. Ferro will pay $60 million immediately, with an additional $20 million to be paid based on the ceramic glass printing company's performance during the next two years. Fortissimo initially invested around $7.5 million in the business in 2011 and increased its holding to 80% in 2013, per reports.