Glass refractory supplier RHI Magnesita has completed 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 alumina-based refractories for industrial applications in process industries such as glass. Its product portfolio ranges from high-alumina specialties to bauxite, andalusite, silica, fireclay or magnesite bricks. In 2022, it recorded revenues of €171 million.
It means RHI Magnesita can offer an 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.
The acquisition includes four production facilities in Germany and the Czech Republic and two raw material mines in the Czech Republic and Slovenia.
Stefan Borgas, CEO RHI Magnesita, said: “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.”