Private equity firms snap up Belgium's Magotteauxthe supplier of grinding equipment / machinery to miners and cement makers.Magotteaux could fetch around 600 million euros for seller IK Investment Partners.
Headquartered in Liege, Magotteaux makes crushers and grinding parts for use in the mining, quarrying and cement making industries.
Magotteaux base in Liege, with 2,400 woker at 13 production sites and 27 sales offices around the world.The annual turnover of about 500 million euros.
Magotteaux has a loan of around 210 million euros, arranged in 2010 by BNP Paribas Fortis, ING Belgium and KBC Bank.
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