Vibrantz Technologies announced that its subsidiary, Dip-Tech, will sell its digital printer business to Spain-based manufacturer Kerajet. The purchase will not include DipTech's digital ink business.
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.
Private equity-backed Prince International said Wednesday it is exploring the sale of its porcelain enamel and glass coating business in hopes of securing regulatory approval for its planned $2.1 billion acquisition of Ferro.