RHI Magnesita N.V. (LSE:RHIM) acquired P-D Refractories CZ a.s. for approximately ?45 million on October 3, 2023. The cash consideration for the acquisition is to be funded by RHI Magnesita's existing committed and undrawn facilities and cash. The company generated revenues of ?171 million in 2022. The acquisition offers multiple growth opportunities, not the least through enabling RHI Magnesita to offer a significantly expanded product and service portfolio to an extended customer base. Customers of P-D Refractories comprise a large range of customers in process industries, especially glass and aluminium industry. Through the acquisition, four production facilities (in Germany and the Czech Republic) and two raw material mines (in the Czech Republic and Slovenia) are added to the global production network of RHI Magnesita.

RHI Magnesita N.V. (LSE:RHIM) completed the acquisition of P-D Refractories CZ a.s. on October 3, 2023. Simon Schmid, Thomas Voland, Sebastian Ritz, Reinhard Scheer-Hennings, Claudia Milbradt, Michael Jasek from both Clifford Chance Partnerschaftsgesellschaft and Clifford Chance Prague LLP acted as legal advisors to RHI Magnesita N.V. (LSE:RHIM). Eva Ritter, Head of Legal Corporate & IP, was the in-house legal contact at RHI Magnesita.