RHI Magnesita, 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. In 2022, P-D Refractories has recorded revenues of EUR 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. While the production facilities of P-D Refractories are based in Europe, the company has a global market presence, with well established brands 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.
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.”