Carlyle to acquire Altadia Group from Lone Star for $2.15bn.

Carlyle agreed to acquire Altadia Group, a manufacturer of intermediate products for the production of ceramic tiles, from Lone Star Funds, for $2.15bn. "Over the last four years, thanks to the company’s strong entrepreneurial spirit, unique service offering, and its long-standing relationships with a highly diversified and global customer base, Altadia has succeeded in transforming itself into a global market leader. We thank Lone Star for their support and partnership, particularly through the merger of Ferro with Esmalglass, as we focused together on positioning the company for future sustainable growth. We are delighted to partner with Carlyle as we look to advance our strategic growth objectives," Vincente Bagan, Altadia CEO.