Fluid Logic Sold its Grinding and Fabrication Fluids Business to Ferro Corp.

Fluid Logic LLC, of Portland, Oregon announced today that it has sold its grinding and fabrication fluids business for brittle materials to Ferro Corporation. Terms of the transaction were not released.

The primary products sold in the transaction include 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.

"We believe Ferro represents an ideal platform that will enable Fluid Logic's differentiated products to address the broader global marketplace," said Larry Lindland, President, Fluid Logic LLC. "Ferro is a world-class organization with significant customer service and support capabilities across a range of industries. We expect our customers to be the beneficiaries of these resources."

"A significant component of all our exit decisions is based on an acquirer's strategic fit with our portfolio business. Ferro's broad customer network should be pleased with the additional line of products that Fluid Logic brings," said Erik Krieger, Managing Partner, Riverlake Partners.

Fluid Logic LLC, a Riverlake Partners portfolio company, and its wholly owned subsidiary Silco2 International, will continue to manufacture ultra high-purity colloidal silica, nanotechnology-based products addressing a range of markets including semiconductor chemical and mechanical planarization (CMP), high-performance coatings and paints, catalyst support and applications within the paper industry.

"By divesting our grinding and fabrications business, we now can focus strategic efforts on our core advanced colloidal silica business aimed at the industrial and electronic materials businesses," said Erik Krieger, Managing Partner, Riverlake Partners.

Riverlake has built a solid track record of working with smaller manufacturing and business service companies. The firm takes control position investments in companies with proven management teams and high-growth potential through a variety of leveraged buyouts, consolidation, recapitalization and growth financing transactions.

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