In October 2022, the sale of the 100% stake of Tűzállótechnika Kft. to a group of Hungarian private investors was successfully closed.
Tűzállótechnika Kft. has been engaged in the production, assembly and maintenance of refractory linings and pertinent steel structures related to industrial furnaces, boilers, incinerators or other heat engineering equipment. Over the past 30 years, the Company has grown into a leading player in its industry in Hungary, providing complex solutions in a field that requires special knowledge. The Company’s high professional standards are recognized not only on the domestic market but also internationally, with its products being exported to Western Europe, especially Germany.
Prior to the transaction, the Company was owned by one of the founding Hungarian private individuals and his family, whose shares were sold to a group of Hungarian private investors.
Concorde MB Partners was the exclusive transaction advisor of the sellers.
