Less than six-months after Ferro put its conductive paste business up for grabs, major materials supplier, Heraeus has purchased the business for an undisclosed sum.
In a brief statement, Heraues said that the acquisition includes all associated intellectual property regarding metallization pastes for solar cells.
Dr. Ralf Droste, Executive Vice President of Heraeus Precious Metals said, “We are confident in the future growth of the photovoltaic industry. The merger of Heraeus' innovation and industry leadership with Ferro's PV history and technology will strengthen our competence as a supplier to cell producers globally.”
Ferro has spent years developing and launching a string of new conductive pastes that covered the spectrum of requirements within the PV industry but failed to gain market traction against the market leaders such as DuPont and Heraeus.