{"id":29713,"date":"2023-09-19T12:00:33","date_gmt":"2023-09-19T10:00:33","guid":{"rendered":"https:\/\/mutares.com\/?p=29713"},"modified":"2023-09-19T11:58:07","modified_gmt":"2023-09-19T09:58:07","slug":"mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a","status":"publish","type":"post","link":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/","title":{"rendered":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A."},"content":{"rendered":"<ul>\n<li>Most successful exit in the Company&#8217;s history<\/li>\n<li>Proceeds for the Mutares Holding of ca. EUR 150 million<\/li>\n<\/ul>\n<p><strong>Munich, September 19, 2023 \u2013 <\/strong>Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS).<\/p>\n<p>SMP is a leading manufacturer of premium, specialty steels and nickel-based Super Alloys used in critical applications in the Aerospace, Oil &amp; Gas and Nuclear industries. Headquartered in Sheffield, UK, the company has extensive metallurgical, forging and machining capabilities and is expected to generate revenues of approx. EUR 140 million in 2023 with its around 200 employees.<\/p>\n<p>After the acquisition from Allegheny Technologies Incorporated (ATI), the company\u2019s local management, together with the Mutares team, successfully implemented a full scope of turnaround measures that led SMP to significant growth in both revenue and profitability in less than a year. With the sale to Cogne Acciai Speciali, a leading supplier of stainless steel and nickel alloy long products, proceeds of ca. EUR 150 million will accrue to the Mutares Holding, taking into account customary deduction items, variable compensation and transaction costs.<\/p>\n<p>Robin Laik, CEO and founder of Mutares, comments: &#8220;The successful completion of the sale of SMP to Cogne Acciai Speciali is another impressive example of value creation by the entire Mutares team. I am pleased that our shareholders will also participate in this very successful exit.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most successful exit in the Company&#8217;s history Proceeds for the Mutares Holding of ca. EUR 150 million Munich, September 19, 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS). SMP is a leading manufacturer of premium, specialty steels [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-29713","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A. - Mutares SE &amp; Co. KGaA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A.\" \/>\n<meta property=\"og:description\" content=\"Most successful exit in the Company&#8217;s history Proceeds for the Mutares Holding of ca. EUR 150 million Munich, September 19, 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS). SMP is a leading manufacturer of premium, specialty steels [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/\" \/>\n<meta property=\"og:site_name\" content=\"Mutares SE &amp; Co. KGaA\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T10:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"WordPress Service\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:site\" content=\"@Mutares1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"WordPress Service\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/\"},\"author\":{\"name\":\"WordPress Service\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\"},\"headline\":\"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A.\",\"datePublished\":\"2023-09-19T10:00:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/\"},\"wordCount\":247,\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/\",\"name\":\"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A. - Mutares SE &amp; Co. KGaA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\"},\"datePublished\":\"2023-09-19T10:00:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/mutares.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"name\":\"Mutares\",\"description\":\"Listed Private Equity Special Situations Investor\",\"publisher\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mutares.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#organization\",\"name\":\"Mutares SE & Co. KGaA\",\"url\":\"https:\\\/\\\/mutares.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"contentUrl\":\"https:\\\/\\\/mutares.com\\\/wp-content\\\/uploads\\\/2022\\\/02\\\/mutares-logo-1.svg\",\"width\":\"1030\",\"height\":\"1030\",\"caption\":\"Mutares SE & Co. KGaA\"},\"image\":{\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/Mutares1\",\"https:\\\/\\\/de.linkedin.com\\\/company\\\/mutares-ag\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mutares.com\\\/en\\\/#\\\/schema\\\/person\\\/527b9edd6203a78e0e954c0f8e84fe69\",\"name\":\"WordPress Service\",\"sameAs\":[\"https:\\\/\\\/muppet-lab.com\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A. - Mutares SE &amp; Co. KGaA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/","og_locale":"en_GB","og_type":"article","og_title":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A.","og_description":"Most successful exit in the Company&#8217;s history Proceeds for the Mutares Holding of ca. EUR 150 million Munich, September 19, 2023 \u2013 Mutares SE &amp; Co. KGaA (ISIN: DE000A2NB650) has successfully sold its portfolio company Special Melted Products Ltd. (SMP) to Cogne Acciai Speciali S.p.A. (CAS). SMP is a leading manufacturer of premium, specialty steels [&hellip;]","og_url":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/","og_site_name":"Mutares SE &amp; Co. KGaA","article_published_time":"2023-09-19T10:00:33+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/mutares.com\/wp-content\/uploads\/2026\/02\/mutares-social-icon.jpg","type":"image\/jpeg"}],"author":"WordPress Service","twitter_card":"summary_large_image","twitter_creator":"@Mutares1","twitter_site":"@Mutares1","twitter_misc":{"Written by":"WordPress Service","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/#article","isPartOf":{"@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/"},"author":{"name":"WordPress Service","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69"},"headline":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A.","datePublished":"2023-09-19T10:00:33+00:00","mainEntityOfPage":{"@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/"},"wordCount":247,"publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"articleSection":["Press Releases"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/","url":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/","name":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A. - Mutares SE &amp; Co. KGaA","isPartOf":{"@id":"https:\/\/mutares.com\/en\/#website"},"datePublished":"2023-09-19T10:00:33+00:00","breadcrumb":{"@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mutares.com\/en\/mutares-has-successfully-sold-its-portfolio-company-special-melted-products-ltd-to-cogne-acciai-speciali-s-p-a\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/mutares.com\/en\/"},{"@type":"ListItem","position":2,"name":"Mutares has successfully sold its portfolio company Special Melted Products Ltd. to Cogne Acciai Speciali S.p.A."}]},{"@type":"WebSite","@id":"https:\/\/mutares.com\/en\/#website","url":"https:\/\/mutares.com\/en\/","name":"Mutares","description":"Listed Private Equity Special Situations Investor","publisher":{"@id":"https:\/\/mutares.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mutares.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/mutares.com\/en\/#organization","name":"Mutares SE & Co. KGaA","url":"https:\/\/mutares.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","contentUrl":"https:\/\/mutares.com\/wp-content\/uploads\/2022\/02\/mutares-logo-1.svg","width":"1030","height":"1030","caption":"Mutares SE & Co. KGaA"},"image":{"@id":"https:\/\/mutares.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/Mutares1","https:\/\/de.linkedin.com\/company\/mutares-ag"]},{"@type":"Person","@id":"https:\/\/mutares.com\/en\/#\/schema\/person\/527b9edd6203a78e0e954c0f8e84fe69","name":"WordPress Service","sameAs":["https:\/\/muppet-lab.com"]}]}},"_links":{"self":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/29713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/comments?post=29713"}],"version-history":[{"count":0,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/posts\/29713\/revisions"}],"wp:attachment":[{"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/media?parent=29713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/categories?post=29713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mutares.com\/en\/wp-json\/wp\/v2\/tags?post=29713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}