Safe Cronite Purchased; Now Cronite
The Safe Cronite business unit of the Safe Group has been purchased by its CEO Pierre Wittmann and a group of managers in partnership with investment funds driven by CICLAD. The company, now Cronite, designs and manufactures fixtures and parts in refractory alloys for the heat-treatment, steel, incineration, power-generation, automotive and aerospace industries. Cronite operates seven plants in France, England, Germany, China, India and Mexico. The company has sales offices in the United States, Japan, South Korea and Sweden.
Cronite is known under the names Cronite, Klefisch, Mancelle, North American Cronite and Cronite CZ. The company also operates a research-and-development center in the Czech Republic that performs continuous research of alloys and materials suitable for the heat-treatment processes of its customers.