Magnesita buys LWB

摘要

LEADING BRAZILIAN MAGNESITE producer, Magnesita Refratarios SA, has acquired Germany based refractory dolomite producer, LWB Refractories GmbH, creating the third largest refractories group (by revenue) in the world, after Vesuvius and RHI AG (see table). Magnesita's deal with Rhone Capital LLC, a private equity group with majority shareholdings in LWB, includes 392 million dollars. cash and Magnesita assuming a 538 million dollars. debt. The move is seen as part of Magnesita's expansion plan to target customers outside its core market in South America to the global market, focusing on LWB's client base in China, Europe and the USA.