American Securities-backed Prince International completed the acquisition of Ferro for $2.1bn.

American Securities-backed Prince International, a manufacturer of mineral-based products, engineered additives and specialty coatings, completed the acquisition of Ferro, a producer of a variety of coatings, colors, ceramics, chemicals, plastics, and related products, for $2.1bn. "We are thrilled about combining Prince, Ferro, and Chromaflo, each a leader in their respective markets, to form a true global technology leader in color solutions, functional coatings and specialty minerals. The combination will result in a company with unmatched competencies in particle engineering, glass science and color technology. It will enhance our ability, on a global scale, to deliver state-of-the art products and innovative solutions that enrich everyday life," D. Michael Wilson, CEO Prince.