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New Deal


Announced

RHI Magnesita and Horn & Co to form a joint venture Horn & Co. RHIM Minerals Recovery.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Germany

Friendly

Acquisition

Pending

Joint Venture

Domestic

recycling

Single Bidder

Majority

Waste and Disposal Services

Synopsis

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Waste disposal firms RHI Magnesita and Horn & Co, agreed to form a joint venture Horn & Co. RHIM Minerals Recovery. Financial terms were not disclosed. “As a trusted partner for many years, RHI Magnesita has all the necessary resources that a sustainability driver in this industry needs. RHI Magnesita and Horn & Co. Group complement each other excellently in their core competencies. Together, we can achieve even greater effectiveness and market stability for our recycling raw materials and resulting products. In this way, we want to develop new technologies together and offer the CERO-Waste concept to a wider range of customers – and thus shape the future of Europe’s industry in a more sustainable way," Argjend Kameraj, Horn & Co CEO.

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