Calderys, known globally for its advanced refractory products and services, has become an independent company encompassing the full scope of the High-Temperature Solutions business (HTS) area formerly under Imerys. US-based Platinum Equity owns the new company after completing regulatory approvals and customary closing conditions.
Calderys specialize in thermal protection for industrial equipment with a wide range of refractory products and advanced solutions to enhance steel casting, metallurgical fluxes and moulding processes. With a global network of experts and 36 industrial sites in 16 countries, Calderys leverages over a century of experience, a worldwide reach and a truly diverse team, to continuously innovate and offer a best-in-class end-to-end solution tailored to customers’ needs.
Michel Cornelissen has been instrumental in positioning Calderys as a global leader. He will continue to serve as its President and Chief Executive Officer: “This is a key milestone in our development. As a standalone company, we expect to be even more agile, improving our ability to deliver solutions that help our customers meet the demands of tomorrow, especially in terms of the energy transition. Platinum Equity is committed to the future of Calderys, supporting our customers and growing our business, notably through acquisitions.”
“We are happy to welcome Calderys in our portfolio of companies and excited to work with Calderys leadership team and all of the talented employees to develop the company and unlock its growth potential,” said Platinum Equity Partner Louis Samson and Platinum Equity Managing Director Malik Vorderwuelbecke in a joint statement.
The private equity firm announced in December 2022 that it would acquire HarbisonWalker International (HWI) to combine Calderys and HWI into a global business with increased reach and scale.
“Calderys and HWI will be a great fit, with complementary footprints and product portfolios,” added Samson and Vorderwuelbecke. “We expect the combination to create exciting growth opportunities for both businesses.”
Platinum Equity said it would continue seeking more opportunities to help the combined business grow organically and through additional acquisitions in key product areas and geographies.
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