CALDERYS TO BE ACQUIRED BY PLATINUM EQUITY
On July 28, 2022, our parent company Imerys announced it has entered into exclusive negotiations to sell its High Temperature Solutions (HTS) business area to Platinum Equity, a global investment firm operating companies in a broad range of business markets. Calderys is part of the HTS business area, which counts 2,800 employees and 36 industrial sites globally.
The transaction remains subject to the fulfillment of customary conditions precedent for this type of transaction, including the information and consultation of works councils and other regulatory approvals. This operation is expected to be completed by the end of 2022.
After closing, HTS would operate as a standalone company under the Calderys brand name.
Michel Cornelissen, HTS/Calderys SVP, says: “Platinum Equity is fully in line with our strategic roadmap and intends to invest in our development plan. This move would be an opportunity to expand in key geographic areas and segments while enlarging our product offering. We would strengthen our key role in supporting our customers in their energy transition while improving our own sustainability performance. We expect to grow in the market, keeping our people and customers at the center of everything we do.”
Read Imerys Press Release here.