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  5. Callista Private Equity Acquires RHI Normag

M&A Deal Summary

Callista Private Equity Acquires RHI Normag

On February 1, 2021, distressed investor Callista Private Equity acquired chemicals company RHI Normag from RHI Magnesita

Acquisition Highlights
  • This is Callista Private Equity’s 3rd transaction in the Chemicals sector.
  • This is Callista Private Equity’s 1st transaction in Norway.

M&A Deal Summary
Date 2021-02-01
Target RHI Normag
Sector Chemicals
Buyer(s) Callista Private Equity
Sellers(s) RHI Magnesita
Deal Type Divestiture

Target

RHI Normag

Porsgrunn, Norway
RHI Normag engages in the production of caustic calcined magnesia products for the fertilizer, animal feed, hydrometallurgical, pulp and paper, environmental and refractory industries. RHI Normag is based in Porsgrunn, Norway.

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Buyer(S) 1

Buyer

Callista Private Equity

Investor Investor

Category Distressed Investor
Size Small
Type Sector Agnostic
DESCRIPTION

Callista Private Equity GmbH is a private equity firm focused on turnaround situations and carveouts. Callista targets opportunities with €10 to €200 million of revenue and does not have any sector preferences. The Firm's process is to is to acquire a controlling or a significant minority stake of loss-making entities and begin the process of repositioning. Callista Private Equity GmbH is headquartered in Munich, Germany.

DEAL STATS #
Overall 14 of 22
Sector (Chemicals) 3 of 3
Type (Divestiture) 13 of 19
Country (Norway) 1 of 1
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Premier Periclase

Drogheda, Ireland

Premier Periclase engages in the production of caustic calcined magnesia products for the fertilizer, animal feed, hydrometallurgical, pulp and paper, environmental and refractory industries. Premier Periclase is based in Drogheda, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-31 Rohrwerk Maxhutte

Sulzbach-Rosenberg, Germany

Rohrwerk Maxhutte is a manufacturer of high-quality seamless steel tubes for the automotive, industrial, and energy sectors. The product portfolio includes tubes for e.g. roller bearings, ball cages, transmission shafts, camshafts, or anti-roll bars for the automotive industry as well as tubes for pressure vessels and several other profiles of tubes. Rohrwerk Maxhutte is based in Sulzbach-Rosenberg, Germany.

Buy -

Seller(S) 1

SELLER

RHI Magnesita

Vienna, Austria
Category Company
Founded 1834
Sector Metals/Mining
Employees12,000
Revenue 3.6B EUR (2023)
DESCRIPTION

RHI Magnesita supplies high-grade refractory products, systems, and solutions that are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass. RHI Magnesita was incorporated in 1834 and is based in Vienna, Austria.

DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
Country (Norway) 1 of 1
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Premier Periclase

Drogheda, Ireland

Premier Periclase engages in the production of caustic calcined magnesia products for the fertilizer, animal feed, hydrometallurgical, pulp and paper, environmental and refractory industries. Premier Periclase is based in Drogheda, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-29 Resco Products

Pittsburgh, Pennsylvania, United States

Resco Products is a designer and manufacturer of refractory materials. Refractories are consumable materials used as protective linings for high-temperature furnaces, containers carrying molten metals, and a range of other harsh environment industrial situations. Resco Products was founded in 1946 and is based in Pittsburgh, Pennsylvania.

Buy $430M
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