Munich, 01.01.2025. Callista Private Equity GmbH (“Callista”) announces the acquisition of the steel mill and steel foundry divisions of Dörrenberg Edelstahl GmbH (“Seller”) by Bergische Edelstahlwerke GmbH (“Buyer”) by way of an asset deal.
As part of the acquisition, all material assets, contractual obligations, and employees associated with the business divisions will be transferred to the Buyer through a transfer of operations. The Buyer will also honor the existing works agreements and adhere to the reconciliation of interests negotiated with employee representatives.
The decision to sell these two divisions was driven by the challenging market conditions, which have hindered their sustainable growth under the Dörrenberg umbrella. Despite efforts in recent years, the divisions were unable to achieve the level of development required to meet the rapidly evolving market demands. Under the new management of Callista, the full potential of these divisions will be unlocked, and the business will be strategically realigned to address current and future market challenges.
“The planned carve-out from Dörrenberg Edelstahl GmbH and the establishment of an independent legal entity with dedicated management and a clear strategic focus is the right step to unlock the full potential of the business units under Bergische Edelstahlwerke,” said Marc Breidenbach, Managing Director of Dörrenberg Edelstahl GmbH.
“We recognize the current challenges facing the steel industry, yet we have consciously chosen to acquire the steel mill and steel foundry divisions. We see their material expertise and process capabilities as untapped opportunities to position them as a leading global supplier of high-quality stainless steels. A critical factor for success will be leveraging the existing local management, complemented by operational and sales experts from the Callista network,” stated Christopher Irion, Managing Director of Callista, expressing enthusiasm for the opportunities ahead.