Quinpario Partners Realigns Investment Portfolio
ST. LOUIS, Missouri, September 10, 2015 /Globe Newswire/ -- Mr. Jeffry N. Quinn, founder of Quinpario Partners LLC and member of the Board of Directors for Ferro Corporation (NYSE:FOE), today announced the sale by Quinpario Partners of 275,000 shares of Ferro common stock. Quinpario Partners will use the proceeds to satisfy capital and liquidity needs for its business unrelated to its investment in Ferro. Mr. Quinn remains a significant beneficial owner of shares of Ferro Corporation.
“Ferro has been and will continue to be a great investment for us. I look forward to continuing to serve as a member of the Board of Directors and working with the Board and management to drive shareholder value,” stated Mr. Quinn.
The description of the transaction contained herein is only a summary and is qualified in its entirety by reference to the Form 4, a copy of which has been filed with the Securities and Exchange Commission (www.sec.gov).
Quinpario Partners LLC is a privately owned investment, operating and management firm focused on the specialty chemicals and performance materials industries. The partners leverage their global operational experience and deep industry knowledge to deploy its capital and resources to exploit opportunities in its targeted industries. The firm was founded by Jeffry N. Quinn, former chairman, chief executive officer and president of Solutia Inc.