Callista sells Monofrax to Saint-Gobain
Exit after successful turnaround
22.04.2022, Munich. Callista Private Equity GmbH (“Callista”) announces the exit of its entire holding in United States based Monofrax (the “Company”) to Saint-Gobain, the worldwide leader in light and sustainable construction. This exit proves Callista’s ability to restructure former non-core business units towards independent and profitable market players.
Callista acquired Monofrax LLC in June 2016 from RHI AG. Since then, Callista and the management team of Monofrax were able to successfully turn around the Company and bring it back to sustainable profits as soon as from 2019. Besides several cost and efficiency measures, the shift from a commodity product provider towards a specialty niche player and the development of innovative product solutions were the main driver for the successful restructuring. After the re-alignment of the Company, the next phase of growth will be supported by Saint-Gobain, within its Ceramics business Unit, which has a profound market standing in the refractory industry. This acquisition will contribute to accelerate the growth of Saint-Gobain Ceramics in the refractory industry.
William Andrews, Managing Director of Monofrax LLC, commented: “We are very happy to join the Saint-Gobain group that will help us writing the next chapter of our long lasting history of innovation and success in the coming years.”
About Monofrax: Located in Falconer, New York, USA, Monofrax offers a wide range of fused cast refractories, including AZS, high Zirconia, alumina and chrome products in twelve different product chemistries. These products have been engineered in dozens of shapes and hundreds of sizes utilizing different casting techniques by its employees. These materials are successfully used for glass melting, steel reheat, electrolytic reduction cells for smelting light metals, coal and black liquor gasification and nuclear waste vitrification. Establishing itself as a manufacturer of a diverse range of high-quality products, Monofrax has supplied its products to the glass industry worldwide.
About Callista Private Equity: Callista is specialized in the acquisition, development and optimization of industrial non-core assets. The focus is on carving-out underperforming group entities from larger groups, followed by the transformation to independent and standalone companies. Today, Callista Group owns eleven operational companies in five countries with a total group turnover of 300 Mio. €.
About Saint-Gobain Ceramics: Saint-Gobain is the worldwide leader in light and sustainable construction. Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Within its High Performance solutions division, the Saint-Gobain Ceramics BU is a global innovator in the world of technical ceramics and aims at engineering a better, safer and greener world. Among its various range of solutions are the world-class fused and sintered refractories, sold under the SEFPRO brand for the glass industry and under the PCR brand for other markets such as steel, copper, and aluminum.