The sale of the assets of one of the doyens of the local private metalworking industry, the Ruget Metals Zrt., and the French-owned building in which the company operated for the past 10 years in Nagykanizsa was completed in February 2020. The Company’s predecessor, Ruget Magyarország was formed in 2003 following a carve-out of the Schneider Electric Group. At that time, Mr. Ruget operated an industrial group of seven companies among which the only non-French member was the Hungarian operation. Over the course of time, Mr. Ruget sold the members of the industrial group leaving the Hungarian company his sole remaining industrial business. As Mr. Ruget wanted to focus his business activity on France, he decided to sell the Hungarian company and its assets. The buyer was the company’s competitor, Ferzol group. The transaction advisor of Mr. Ruget was Concorde MB Partners.
