M&A Deal Summary

RHI Magnesita Acquires Magnesita

On October 27, 2016, RHI Magnesita acquired building materials company Magnesita from GP Investments

Acquisition Highlights
  • This is RHI Magnesita’s 1st transaction in the Building Materials sector.
  • This is RHI Magnesita’s 1st transaction in Brazil.

M&A Deal Summary

Date 2016-10-27
Target Magnesita
Sector Building Materials
Buyer(s) RHI Magnesita
Sellers(s) GP Investments
Deal Type Merger

Target

Magnesita

Sao Paulo, Brazil
website
Magnesita is a producer of refractory material in Latin America and supplying products and services to the steelmaking, cement and glass industries on a global basis. Magnesita is based in Sao Paulo, Brazil.

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Buyer(S) 1

Buyer

RHI Magnesita

Vienna, Austria

website


Category Company
Founded 1834
Sector Metals/Mining
Employees12,000
Revenue 2.3B EUR (2020)
DESCRIPTION

RHI Magnesita is a global supplier of high-grade refractory products, systems, and solutions that are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals, and glass. RHI Magnesita was incorporated in 1834 and is based in Vienna, Austria.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Merger) 1 of 1
Country (Brazil) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Premier Periclase

Drogheda, Ireland

Premier Periclase engages in the production of caustic calcined magnesia products for the fertilizer, animal feed, hydrometallurgical, pulp and paper, environmental and refractory industries. Premier Periclase is based in Drogheda, Ireland.

Sell -

Seller(S) 1

SELLER

GP Investments

Sao Paulo, Brazil

website


Category Private Equity Firm
Founded 1993
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GP Investments is a publicly-traded private equity group that targets opportunities in Latin/South America. GP targets mature businesses in traditional industries with revenues greater than $60 million (US). Prospective transaction situations include consolidations, non-core divestitures, acquisitions of family-owned businesses, recapitalizations, and restructurings. The Firm prefers control positions when pursuing transactions. GP will not invest in start-ups and avoids tech-related or biotech companies. GP was formed in 1993 and has offices in Bermuda and Sao Paulo, Brazil.


DEAL STATS #
Overall 9 of 11
Sector (Building Materials) 1 of 1
Type (Merger) 1 of 1
Country (Brazil) 8 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Corelle Brands

Rosemont, Illinois, United States

Corelle Brands LLC is a manufacturer and marketer of bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products. Corelle Brands LLC and its affiliates manufacture and market products worldwide through a portfolio of well-recognized and respected brands, including under the Pyrex®, Corelle®, Corningware®, Snapware®, Chicago Cutlery®, Revere®, Visions®, Ekco® and Baker's Secret® trademarks. Corelle Brands LLC and its affiliates employ approximately 3,000 people, and have major manufacturing and distribution operations in North America and Asia-Pacific regions. Corelle Brands LLC was incorporated in 1991 and is based in Rosemont, Illinois.

Buy $566M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Corelle Brands

Rosemont, Illinois, United States

Corelle Brands LLC is a manufacturer and marketer of bakeware, dinnerware, kitchen and household tools, rangetop cookware and cutlery products. Corelle Brands LLC and its affiliates manufacture and market products worldwide through a portfolio of well-recognized and respected brands, including under the Pyrex®, Corelle®, Corningware®, Snapware®, Chicago Cutlery®, Revere®, Visions®, Ekco® and Baker's Secret® trademarks. Corelle Brands LLC and its affiliates employ approximately 3,000 people, and have major manufacturing and distribution operations in North America and Asia-Pacific regions. Corelle Brands LLC was incorporated in 1991 and is based in Rosemont, Illinois.

Sell -