RHI Magnesita, a leading global supplier of high-grade refractory products, systems and solutions, has announced 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. P-D Refractories offers a product range that includes high-alumina specialties, bauxite, andalusite, silica, fireclay, or magnesite bricks. In the year 2022, the company has recorded revenues amounting to €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.

Although P-D Refractories’ production facilities are located 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.

With this acquisition, RHI Magnesita adds four production facilities (located in Germany and the Czech Republic) and two raw material mines (in the Czech Republic and Slovenia) to its global production network. The vertical integration of P-D Refractories represents an important advantage and weaves seamlessly into RHI Magnesita’s existing production footprint in Europe.

Substantial benefits are also expected through leveraging RHI Magnesita’s expertise in the field of recycling by integrating the company’s know-how into the operations of P-D Refractories. The acquisition also aims to achieve significant synergies by leveraging cross-selling opportunities, procurement efficiencies and streamlined logistics.

Stefan Borgas, CEO RHI Magnesita, commented: “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.”

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