Paragon acquires provider of wear protection and repair solutions

04.2020: Funds of Paragon acquire all shares in Castolin Eutectic, the globally leading provider of wear protection and repair solutions for industrial equipment, from the Messer Group. Headquartered in Kriftel/Germany, Castolin Eutectic provides the full range of consumables, equipment and services in welding, brazing and coating technologies to more than 40,000 customers around the globe. Active for more than 100 years in the maintenance and repair business, the Castolin Eutectic brand is well known for outstanding technical competence and quality.

In six plants across the globe, Castolin Eutectic manufactures a full range of welding, brazing and coating consumables and equipment used in maintenance and repair jobs by more than 40,000 customers and its own service teams. Its more than 1,600 employees generate annual revenues of €300m with customers in more than 50 industries such as machinery & tool building, oil & gas, steel, mining, cement, glass, power generation and agriculture.

Castolin Eutectic’s products are tailored to mitigate wear and abrasion challenges in thousands of unique applications such as coating power plant boilers to avoid corrosion, refurbishing roller mills in concrete plants, hard facing drilling heads for the oil & gas industry, coating corrosive concrete walls of sewage treatment facilities, and refurbishing technical surfaces of construction and agricultural equipment.

A global network of 800 surface protection and repair experts supports customers to find the right solution for their specific wear and abrasion challenges and thus increase the productivity and useful life of their production equipment. This expertise is highly valued by Castolin Eutectic’s customers, as downtimes of industrial production equipment can cost millions daily.

With its unique application know-how, Castolin Eutectic is the trusted partner to execute complex maintenance & repair projects. In its service shops and on-site at the customer Castolin Eutectic’s 350 employee-strong service team helps customers with highly specialized equipment and materials to refurbish worn-out parts and optimize their physical properties (e.g., harden the surface) to increase uptime.

Centum Capital provides this information as a market news, but has not been involved in the transaction.