Ferro is exploring strategic options including a potential sale,according to people familiar with the matter,reports Bloomberg.The company is working with financial advisers,said the sources,who asked not to be identified because the move has not been made public,the report says.No final decision has been made and Ferro could opt to remain independent,the sources said.A representative for Ferro did not respond to Bloomberg's requests for comment.Ferro is exploring a sale amid heavy consolidation among chemical companies with coatings operations,as tepid growth and volatile commodity prices spur industry players to pair up.Car-paint maker Axalta Coating Systems is exploring a sale and Celanese is carrying out a strategic review that could include a breakup,people familiar with those matters have said.
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