French refractory supplier Calderys has become an independent company encompassing the full scope of the high temperature solutions (HTS) business area formerly under Imerys. The new company is owned by US-based Platinum Equity (PE) following the successful completion of regulatory approvals and customary closing conditions. Calderys operates a global network of experts and 36 industrial sites in 16 countries.
Michel Cornelissen has been instrumental in positioning Calderys as a global leader and will continue to serve as its president and CEO: “This is a key milestone in our development. As a standalone company, we expect to be even more agile, improving our ability to deliver solutions that help our customers meet the demands of tomorrow, especially in terms of energy transition. Platinum Equity is committed to the future of Calderys, supporting our customers and growing our business, notably through acquisitions.”
The private equity firm announced in December 2022 that it will acquire HarbisonWalker International (HWI) with the aim of combining Calderys and HWI into a global rrefractory business with increased reach and scale.
“Calderys and HWI will be a great fit together, with complementary footprints and product portfolios,” added PE Partner Louis Samson and PE Managing Director, Malik Vorderwuelbecke. “We expect the combination to create exciting growth opportunities for both businesses.”
