RHI Magnesita completed the acquisition of Seven Refractories for €93m.

RHI Magnesita, a supplier of high-grade refractory products, completed the acquisition of Seven Refractories, a supplier of non-basic monolithic refractory mixes, for €93m. "This transaction represents a significant step forward for RHI Magnesita in non-basic refractory mixes, which is additive to our existing presence in this market and highly complementary to our overall customer offering. We see compelling opportunities to realise synergies through the integration of Seven Refractories into our existing network and there is a strong alignment in seeking to offer our customers more sustainable products with a low carbon footprint. I am pleased to welcome this entrepreneurial team to our Group. RHI Magnesita's network will enable them to continue to build the business even more successfully on a truly global basis. Together we will continue to execute our strategy to grow through consolidation," Stefan Borgas, RHI Magnesita Chief Executive Officer.