FALCONER – There’s apparently some good news recently reported for the RHI Monofrax plant in Falconer.
According to a media release sent out on Tuesday, the plant has been sold to Munich, Germany-based firm called Callista Private Equity. Although specific details of the purchase and its impact on the local operation have not been revealed, it appears the plant will remain open.
Within the first months post transaction Callista Private Equity will concentrate on the carve-out from the Group and on trimming the Company for standalone capability. Additionally, first restructuring measures will be initiated immediately to streamline the business and to improve the profitability of the Company as well as to focus on further growth. Thus, Callista Private Equity intends to concentrate on add-on investments in the near future.
RHI is a globally operating supplier of high-grade refractory products, systems and services, which are indispensable for industrial high-temperature processes exceeding 1,200 °C.
The RHI Monofrax plant employs more than 150 workers.
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