Rhodius Abrasives and CUMI form a global player

Sector(s)
Industrials
Deal type
Sell your business
Date
February 2022
Countries involved
Germany / India / USA / Ireland

Client

Since 1952, RHODIUS Abrasives, part of Gebrüder RHODIUS, has been manufacturing high-performance tools for the machining of metal and stone. It is one of the leading tool specialists for machine cutting and grinding of metal. Gebrüder RHODIUS holds, next to the abrasives business, a mineral water & beverage business and has been successfully writing success stories for more than 190 years

Deal

Capitalmind has advised the shareholders of Rhodius on the disposal of the company to a listed strategic player - CUMI

Parties

Lead team

  • Ervin Schellenberg

    Ervin Schellenberg

    Managing Partner Germany
  • Christian Maurer

    Christian Maurer

    Manager Germany

About the deal

CAPITALMIND EXCLUSIVELY ADVISED THE FAMILY-OWNED COMPANY GEBRÜDER RHODIUS HOLDING GERMANY ON THE CARVE-OUT & SALE OF ITS ABRASIVE TOOLS DIVISION TO THE LISTED COMPANY CARBORUNDUM UNIVERSAL LTD. (CUMI) INDIA

The previous sole shareholder, Gebrüder RHODIUS Holding, will leave the group of shareholders as part of the transaction and will in future concentrate on its second, more local business: RHODIUS Mineralquellen.

“The combination of RHODIUS and CUMI creates a vertically integrated global player in the field of grinding tools, from the raw material to the end user. Capitalmind’s industry knowledge and international access were essential in finding the right owner for RHODIUS Abrasives. Our advisors implemented the project efficiently and swiftly to our complete satisfaction.” Bernd Lichter, Managing Partner and CEO Gebrüder Rhodius Holding

What we did

Capitalmind was able to provide access to key potential partners and buyers worldwide through its global network and supported the shareholders throughout the transaction: developing the transaction strategy, organising the process, preparing the data room, organising the due diligence and supporting the negotiations until the signing of the contract.

About Murugappa Group – Cumi

Carborundum Universal Limited (CUMI) has a turnover of €306.5 million with over 5,000 employees worldwide. The company develops, manufactures and markets innovative material solutions and services in abrasives, electrominerals, refractory materials and ceramics. CUMI is listed on the stock exchange and is part of the Murugappa family holding company, which owns 29 companies and has a consolidated turnover of ~€5 billion.

About RHODIUS Abrasives

RHODIUS Abrasives is one of the leading European manufacturers of abrasive tools and is successfully active in many end markets with 390 employees worldwide in more than 100 countries.