Mergers: Commission approves acquisition of Magnesita Refratários by RHI, subject to conditions

On 28 June 2017 the European Commission approved under the EU Merger Regulation the acquisition of Magnesita Refratários by RHI. The decision was conditional on the divestment of the two companies' overlapping businesses in relation to specific refractory product markets in the EEA.

RHI and Magnesita are both manufacturers of refractory products. These are non-metallic materials that are able to withstand very high temperatures and corrosive or chemically aggressive environments. They are used, for instance, as heat buffers or linings in kilns, furnaces and ovens in the manufacturing processes for steel, cement, glass and other non-ferrous metals.