RHI Magnesita completed the acquisition of P-D Refractories from Preiss-Daimler Group for €45m.

RHI Magnesita, a supplier of high-grade refractory products, systems and solutions, completed the acquisition of P-D Refractories, a global refractory firm, from Preiss-Daimler Group, a multinational group of companies with a wide range of services in the areas of glass fiber, for €45m. “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,” Stefan Borgas, RHI Magnesita CEO.