RHI Magnesita Acquires Turkish Refractories Producer for EUR 38.8m

RHI Magnesita NV acquires 85.22% stake in SORMAS Sogut Refrakter Malzemeleri AS, a Turkish producer of refractories for a consideration of EUR 38.8m.

The acquisition will expand RHI Magnesita’s locally manufactured product portfolio and serve as a production hub and platform for business growth in Turkey and the wider region, the company said.

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