Callista Private Equity GmbH (“Callista”) announces the acquisition of a majority stake in Ergocast Group (“the Company”) by Callista Holdings GmbH & Co. KG from Ergocast Verwaltung GmbH.
Ergocast Guss GmbH is the operational part of Ergocast Group and manufactures grey and ductile iron castings of up to 70 tons per piece. Since 1687, the Company is located in Jünkerath in the Eifel region and will remain producing small series to single pieces at its current premises. The products are used within gas or steam turbines, gear boxes, presses and compressors.
By re-branding Ergocast to Vulcast Germany GmbH, we set a clear example for the future collaboration between the Company and the existing Callista portfolio steel foundry Vulcast S.A. (Belgium) from which both companies will benefit. Within the first months, Callista will focus on identifying synergies and to steer resources and capacities in the most advantageous way. For 2019, Vulcast Group expects revenues of over 40 mio. €. In the future, Callista targets additional acquisitions in the foundry industry to promote diversification and gain a substantial market share.
“Through the acquisition of Ergocast, we achieve the required flexibility and agility to operate competitively against low cost country players. We already successfully completed first trials between both plants, which enables us to manufacture products at the location with most considerable experience for specific castings.” – Marc Zube, Chief Operating Officer of Callista Private Equity GmbH.