Heraeus acquires Ferro Corporation solar paste business

Heraeus Precious Metals – a subsidiary of the German precious metal and technology group Heraeus – has acquired the Ferro Corporation's solar paste business unit.

The assets of the business have been purchased by Heraeus, including intellectual property associated with the development and production of metallisation pastes for solar cells.

Former Ferro activities will be integrated in the Photovoltaic Business unit of Heraeus, a leading innovator and supplier of metallisation pastes for solar cells.

Ferro has more than three decades of experience in developing thick-film pastes, including for the photovoltaics industry, while Heraeus has produced thick-film paste for over 40 years and solar pastes since 2008.

The contract was signed on February 6th 2013 and Heraeus is continuing its long-term commitment to photovoltaics.

Dr Ralf Droste, executive vice-president of Heraeus Precious Metals, commented: "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 the cell producers globally."