03.10.2023,
3611 Zeichen
Wien (OTS) - RHI Magnesita, the leading global supplier of high-grade
refractory products, systems and solutions, today announces the
completion of the acquisition of the Germany, Czech Republic and
Slovenia based refractory businesses of the Preiss-Daimler Group
("P-D Refractories"). P-D Refractories is a producer of high quality
alumina-based refractories for industrial applications in process
industries, with a leading market position in the glass and aluminium
sectors. The product portfolio of P-D Refractories ranges from
high-alumina specialties to bauxite, andalusite, silica, fireclay or
magnesite bricks. In 2022, P-D Refractories has recorded revenues of
€171 million.
The acquisition offers multiple growth opportunities, not the
least through enabling RHI Magnesita to offer a significantly
expanded product and service portfolio to an extended customer base.
Customers of P-D Refractories comprise a large range of customers in
process industries, especially glass and aluminium industry. While
the production facilities of P-D Refractories are based in Europe,
the company has a global market presence, with well established
brands (e.g., Dr. C. Otto) and top-performing products that are
esteemed by customers worldwide.
Through the acquisition, four production facilities (in Germany
and the Czech Republic) and two raw material mines (in the Czech
Republic and Slovenia) are added to the global production network of
RHI Magnesita. The vertical integration of P-D Refractories
represents a unique advantage and weaves seamlessly into RHI
Magnesita’s existing production footprint in Europe. Substantial
benefits are also expected through leveraging RHI Magnesita’s leading
position in the field of recycling by integrating the company’s
know-how into the operations of P-D Refractories. Additional
considerable synergies are targeted through leveraging cross-selling
opportunities, procurement efficiencies and streamlined logistics.
Commenting on the acquisition,
Stefan Borgas, CEO RHI Magnesita,
said: “The production capabilities and vertical integration of P-D
Refractories, combined with RHI Magnesita's know-how and renowned R&D
capabilities, will complement our product portfolio and enlarge our
production footprint and sales channels on a global scale. This
acquisition is our sixth transaction to close in the year to date and
marks a major milestone for both companies in the process industries
sector. Together we look forward to expanding our footprint and
strengthening our market presence by offering high-grade refractory
products and solutions to an enlarged customer base.”
Zwtl.: About RHI Magnesita
RHI Magnesita is the leading global supplier of high-grade
refractory products, systems and solutions which are critical for
high-temperature processes exceeding 1,200°C in a wide range of
industries, including steel, cement, non-ferrous metals and glass.
With a vertically integrated value chain, from raw materials to
refractory products and full performance-based solutions, RHI
Magnesita serves customers around the world, with around 15,000
employees in 47 production sites, 7 recycling facilities and more
than 70 sales offices. RHI Magnesita intends to build on its
leadership in revenue, scale, product portfolio and diversified
geographic presence to expand further in high growth markets.
The Group maintains a premium listing on the Official list of the
London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE
250 index, with a secondary listing on the Vienna Stock Exchange
(Wiener Börse). For more information please visit:
[www.rhimagnesita.com] (http://www.rhimagnesita.com/)
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