Mutares SE & Co. KGaA$MUX (+2,04 %) has signed an agreement to sell its portfolio company Kalzip GmbH to Tremco Construction Products Group ("Tremco CPG"), a subsidiary of RPM International Inc.
The transaction, including the purchase price payment, is expected to close in the second quarter of 2026.
Following the acquisition in 2018 from Tata Steel Europe, Mutares has successfully positioned Kalzip as an independent company and successfully developed it within the Donges Group.
Through targeted transformation measures and by leveraging synergies within the Donges Group, Kalzip was able to strengthen its market position and grow sustainably and profitably.
The company, which is one of the leading suppliers of aluminum roofs, façades and building envelopes, is represented internationally with numerous sales offices and a fleet of mobile production units available worldwide.
In the 2024 financial year, Kalzip generated profitable sales of around EUR 75 million with around 180 employees.
Following its successful development within the Donges Group, Kalzip is on a solid footing and has a strong market position, which has been reflected not least in growing interest from strategic investors in recent months.
RPM International Inc. is one of the world's leading suppliers of building products and related services as well as specialty coatings and sealants.
As a strategic buyer, the Tremco CPG Group is ideally placed to drive Kalzip's sustainable growth and open up new markets.
Johannes Laumann, CIO of Mutares, comments: "Following the recent successful exits of Fuentes and Conexus, we have now been able to realize another announced exit with Kalzip. After seven years in the Mutares portfolio, now is the ideal time to place Kalzip in new, good hands. The development of Kalzip in recent years shows how Mutares systematically develops companies from special situations and successfully positions them on the market as independent, profitable and capable of growth. We are convinced that in Tremco CPG we have found the ideal new owner for Kalzip, who will successfully accompany our portfolio company into the next growth phase."