01.07.2020, Seraing (Belgium). From now on, ArcelorMittal Ringmill will appear as Halo Steelrings on the market. The name change was officially executed as per June 26th, 2020. Within the next weeks, some smaller re-branding topics such as company signs and marketing materials will be exchanged. Except for the name, nothing will change for our customers. We will continue delivering high-quality rings and tyres to our customers. To get a first impression of our new corporate identity, we invite you to visit our new website at www.halo-steelrings.com. Moreover, a new company presentation and company movie will be available shortly.
Both Co-CEOs, Frédéric Binamé and Frédéric Grobet, will continue managing the Company and its 88 employees. To improve the operations, investments into automation as well as machining and forging capacities are planned. After several years of operating on break-even level, the focus on the targeted measures will enable future growth as well as improving results. Halo Steelrings SA will be free from any financial debt with a healthy equity level with the take-over of Callista Private Equity. Olaf Meier, CEO of Callista Private Equity comments on the transaction: ”We are proud to continue operations of Halo Steelrings with its high-skilled workforce and stable customer base and will focus on standalone market appearance in the upcoming months. Besides this, we will support the local management team in sales, financing and cost efficiency measures to drive Halo Steelrings into profitability in the mid-term future.”