Ludwig & Co advised the insolvency administrator Dr. Martin Obermüller of Brandhoff Obermüller Partner on the sale of Erzgebirgische Fluss und Schwerspatwerke (EFS) to Sachtleben Minerals
This transaction preserves the full operational capacity of EFS – including its underground mining in Niederschlag and surface processing plant in Aue – and secures existing jobs at the company.
This acquisition enables Sachtleben Minerals to strengthen its position in European fluorspar and barite markets.
Transaction Value undisclosed.
DEAL TEAM
- Dr. Thomas C. Ludwig (Managing Director)
- Hendrik Becker (Managing Director)
- Artem Fey (Associate)
About EFS
Erzgebirgische Fluss- und Schwerspatwerke (EFS) is a German mining company operating a underground mine in Niederschlag near Oberwiesenthal, Saxony.
The company also runs a surface processing facility in Aue, where extracted ore is processed into spat products (fluorite/fluorspar, barite/heavy spar).
Since the start of operations in 2013, EFS has contributed to the revival of fluorspar mining in Germany, producing high-purity fluorspar for industrial applications.
About Sachtleben Minerals
Sachtleben Minerals Group, headquartered in the Black Forest, Germany, is one of Europe’s leading producers of fluorspar and barite.
With a mining tradition dating back to 1898, the company operates the underground Clara mine in Oberwolfach and a processing plant near Wolfach.
Sachtleben supplies high-grade industrial minerals to a wide range of industries and offers a fully integrated value chain – from extraction and processing to logistics. – https://www.sachtleben-minerals.com/