Ferro Acquires Dip-Tech
CLEVELAND, OHIO and KFAR SABA, ISRAEL – August 2, 2017 – Ferro Corporation (NYSE: FOE), a leading global provider of functional coatings and color solutions headquartered in Cleveland, has acquired Dip-Tech, a world-leading provider of ceramic digital glass printing solutions, based in Kfar Saba.
Dieter Binder, Vice President of Ferro’s Performance Colors and Glass business, and Vice President, Europe, 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, optimized solution of printers, software, inks, and service. With Ferro’s extensive colors, 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 and our common cultures of innovation that drives customer success, we look forward to presenting glass markets with a wider range of leading-edge products and capabilities.”
Ferro and Dip-Tech will be exhibiting at the GlassBuild America exhibition, September 12-14, 2017.
Mary Abood, Director, Corporate Communications
Yuval Nahum, Vice President, Marketing
+972 9 790 84 00, Ext. 458