Ferro Acquires Laser Marking Industry Leader TherMark

Ferro Corporation (NYSE: FOE, the “Company”) announced today that it has acquired privately held TherMark Holdings, Inc. (“TherMark”), a leader in laser marking technology, for $5.5 million in cash, subject to customary adjustments.

TherMark is Ferro’s largest partner in the marketing of laser marking materials and also licenses technology to Ferro.  

TherMark’s unique patented technology uses precise lasers to quickly and permanently fuse marking materials to metals, ceramics, glass, plastics and other hard surfaces. The process creates high-contrast, high-resolution marks for purposes of decoration and identification. The specially formulated marking materials, supplied by Ferro, consist of glass-based ceramic glazing material and pigments, with the addition of a thermal absorber.

Laser marking is used in a broad spectrum of industries including awards and recognition, signage, medical and surgical instruments, manufacturing, home appliances and décor. The technology is increasingly being used as a solution for component tracking, quality control and anti-counterfeiting in the automotive, aerospace, and perfume and cosmetics industries.

Commenting on the transaction, Peter Thomas, Chairman, President and CEO of Ferro Corporation, said, “This is a small but attractive, value-creating investment for Ferro. Laser marking is a fast-growing, high-value niche industry and we believe we can capitalize on this opportunity by leveraging our significant presence in glass coatings to drive future growth. Given our existing position as a supplier of laser marking materials and our knowledge of TherMark’s technology, we expect to seamlessly integrate the acquisition into our Performance Colors and Glass industrial products portfolio. This purchase is another example of our intention to increase sales and profitability by expanding our technology positions in high-value glass and color markets.”

Ferro was advised by League Park Advisors and Calfee, Halter & Griswold, LLP.

About Ferro Corporation

Ferro Corporation (http://www.ferro.com) is a leading global supplier of technology-based performance materials, including glass-based coatings, pigments and colors, and polishing materials. Ferro products are sold into the building and construction, automotive, appliances, electronics, household furnishings, and industrial products markets. Headquartered in Mayfield Heights, Ohio, the Company has approximately 3,985 employees globally and reported 2014 sales of $1.1 billion.

About TherMark

TherMark Holdings, Inc., founded as TherMark Corporation in 1996, is located in Irvine, California, with a sales and support office near Pittsburgh, Pennsylvania. TherMark is a leading supplier of laser marking technology.

600450 Ferro Acquires Laser Marking Industry Leader TherMark glassonweb.com

See more news about:

Others also read

Glass Machinery staff (left to right) Harry, Dave & Mark pictured loading the machine ready to demonstrate to a customer.
The Glass Machinery Company recently took delivery of a Fratelli Pezza easymarker UP.
Thin glass perfection
Thin glass production thrives from innovative technologies – Chinese thin glass producer installs new production lines made by Grenzebach.
Ashton Industrial at Gulf Glass in Dubai
A great show in Dubai this week, GULF GLASS saw many of Ashton Industrial’s existing customers, and a good number of future potentials, visit the stand of regional representative HIET where the Ashton UNIX professional heavy duty arrisser [seamer] was on show.
Fratelli Pezza Easymarker UP
The EASYMARKER is a marking device that allows to speed up the marking process providing high quality of engraving for a non-fading logo.
Philipp von Witzendorff, Head of the Glass Group in the Production and Systems Department, explains the novel drilling strategy for thin glass.
At the workshop on "Laser Processing of Glass Materials" held at the Laser Zentrum Hannover e.V. on December 06th, 2016, the focus was on the latest developments and trends.
Optical devices - cutting of camera lenses, filters, etc.
Live Demonstration of SmartCleaveTM FI Laser Cutting Technology, Record-setting Lab Results, Advanced Glass Marking with UV and Picosecond Lasers

Add new comment