Add-on Acquisition • Manufacturing

Magnesita Acquires Magnesita Refractories

On September 9, 2008, Magnesita acquired manufacturer Magnesita Refractories from Rhône Group for 277M EUR

Acquisition Context
  • This is Magnesita’s 1st transaction in the Manufacturing sector.
  • This is Magnesita’s largest (disclosed) transaction.
  • This is Magnesita’s 1st transaction in Germany.

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M&A Deal Summary

Date September 9, 2008
Target Magnesita Refractories
Sector Manufacturing
Buyer(s) Magnesita
Sellers(s) Rhône Group
Deal Type Add-on Acquisition
Deal Value 277M EUR

Target Company

Magnesita Refractories

Hilden, Germany
Magnesita Refractories GmbH (Formerly LWB Refactories) manufactures refractory products for industrial application, mainly for the steel and cement industries.
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Buyer Overview 1

Buyer

Magnesita

Sao Paulo, Brazil

Category Company
Sector Building Materials
DESCRIPTION

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.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Germany 1 of 1
Year: 2008 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Rhône Group

New York, New York, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Rhône Group is a private equity and financial advisory firm focused on large-scale buyouts across North America and Western Europe. Areas of interest include energy, materials, industrials, retail, consumer products, healthcare, and financial services. Rhône was formed in 1995 and has offices in New York, Paris, and London.


Deal Context for Seller #
Overall 4 of 18
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 2 of 4
Country: Germany 2 of 3
Year: 2008 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-30 InfOTE SA

Athens, Greece

InfOTE SA is a Greek yellow pages directory. InfOTE is based in Athens, Greece.

Buy €310M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 Arizona Chemical Co.

Jacksonville, Florida, United States

Arizona Chemical Co. LLC is a producer and refiner of pine chemicals. Its products are environmentally-friendly and are used in thousands of everyday products including fragrances, personal care items, plastics, household cleaners, adhesives, printing inks, decorative pains, tires and rubber products.

Sell $800M