RHI Magnesita Acquires Seven Refractories

RHI Magnesita announced the completion of the acquisition of Seven Refractories. Seven Refractories is a specialist supplier of alumina refractory mixes, serving customers in the iron and steel, cement, aluminium and non-ferrous metals industries, with a proven track record of consistent growth in these sectors. Alumina refractory mixes are expected to become increasingly important in the development of new low CO2 emitting manufacturing technologies within RHI Magnesita's key customer industries. With the acquisition, around 240 employees at three production sites in Slovenia, India and the US and at sales offices and service centres in Germany, Italy, the United Kingdom and Cyprus, are joining RHI Magnesita's global network. Stefan Borgas, Chief Executive Officer of RHI Magnesita, commented: "Today we celebrate a milestone as RHI Magnesita completes the acquisition of Seven Refractories. The synergy of our expertise, innovation, and unwavering commitment to sustainability will empower us to deliver even more compelling solutions to meet the evolving needs of our customers. I am pleased to welcome the exceptional team from Seven Refractories to RHI Magnesita. With our collective knowledge and passion, we will develop advanced sustainability offerings and leverage cross-selling opportunities and supply chain optimisation potentials to set new benchmarks in the refractory industry as we continue to execute our strategy of growth through consolidation." Source