Mid Europa Partners today announced that it has completed the sale of Calucem’s operating assets to ARGUS Capital Partners. Calucem is one of the leading suppliers of calcium aluminate cement in the world. With production facilities based in Croatia, and sales offices in Germany, the US and Singapore, the Company supplies high quality and specialty cement to the global refractory and building chemistry industries.
Robert Knorr, Partner of Mid Europa, said: “We are proud of the management’s response to the global economic crisis, which had an unprecedented impact across the industry. The Company has experienced a rapid recovery in 2010 and is well-positioned for continued growth.”
Laszlo Grubits, CFA, Investment Director of ARGUS, said: “At ARGUS we are very excited to partner with a first class management team with a solid vision and strategy for the Company with the goal of taking Calucem to the next level.”