RHI buys Irish raw materials

Date: 6 October 2011
Source: http://www.rhi-ag.com
RHI buys Irish raw materials producer and expands supply with own raw materials furtherRHI signed a contract to acquire Premier Periclase Ltd., Ireland (“PPL”).

The purchasing price amounts to EUR 21 million; the closing took place with effect of 30 September 2011.

PPL is one of the worldwide suppliers of seawater-based large crystal sinter and, with 110 employees, produces roughly 70,000 metric tons of sintered magnesia annually in the north of Dublin.

In addition, the closing of the acquisition of SMA Mineral Magnesia AS, Norway, took place on 30 September 2011.

With the capacity expansion in Turkey and the acquisition of SMA and PPL RHI is going to increase its self-sufficiency in magnesia raw materials up to approx. 80% by mid-2012.

600450 RHI buys Irish raw materials glassonweb.com

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