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Ferro Purchases Grinding Fluids Business from Fluid Logic LLC

July 23, 2008

Precision Grinding Fluid Business Enhances Ferro Electronic Material Systems' Surface Finishing Product Lines

CLEVELAND--(BUSINESS WIRE)--July 21, 2008--Ferro Corporation (NYSE: FOE) announced today that it has purchased a grinding and fabrication fluids business for brittle materials from Fluid Logic LLC, of Portland, Oregon. While 2007 sales of these fluids were not at a level material to Ferro, the Company sees opportunities for growth by leveraging its existing surface finishing customer relationships and global sales reach. Terms of the transaction were not released.

The primary products obtained are grinding fluids used in the production of electronic components based on ceramic and quartz substrates, and advanced polishing fluids used for flat glass, precision optics, ophthalmic lenses, and specialty plastics.

Ferro Electronic Material Systems is recognized by customers as a global market leader serving growing clean-tech industries, including solar energy; advanced coatings; ophthalmic lenses; and various segments in consumer and hybrid electronics, with an established product portfolio. The grinding and polishing fluids business acquired from Fluid Logic expands Ferro's growing product line of technically advanced surface friction/polishing materials and formulations.

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Source: Ferro Corporation

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