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Mid Europa completes sale of Calucem to Argus Capital

Mid Europa Partners has completed the sale of Calucem’s operating assets to Argus Capital Partners.

Calucem is a supplier of calcium aluminate cement. With production facilities based in Croatia and sales offices in Germany, the US and Singapore, the company supplies cement to the global refractory and building chemistry industries.
Robert Knorr, partner of Mid Europa, says: "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, investment director of Argus, says: "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."
Gilles Bonaert, the chief executive of Calucem, adds: "Mid Europa has been an exceptional partner for the Calucem management and we thank them for their support and guidance. We look forward to working with Argus to build upon the solid foundations that were laid over the last several years."

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