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Acquisition of Ferro Corp is completed; it s now part of the new Vibrantz Technologies

The Mayfield Heights-based coatings producer on Thursday, April 21, said its acquisition by mineral and chemicals company Prince International Corp. has closed. Prince paid $22 per share in the $2.1 billion, all-cash deal. In turn, Prince and Ashtabula-based Chromaflo Technologies both part of private equity firm American Securities along with Ferro are being combined into a business called Vibrantz Technologies, with more than 5,400 employees worldwide.

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