# RHI Magnesita to acquire Dalmia Bharat Refractories' Indian business

RHI Magnesita agreed to buy the India-based refractory business of Dalmia Bharat Refractories via a share swap for 27 million shares in RHI Magnesita India. The acquisition adds five plants and over 300,000t/yr of refractory capacity.

- Type: Acquisition
- Announced: 2022-11-23
- Where: India, India
- Status: announced
- Capacity: over 300,000 t/yr of refractory
- Products: refractories
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [RHI Magnesita](https://endata.com/companies/17934.md) (acquirer)
- [Dalmia Bharat Refractories](https://endata.com/companies/66831.md) (target)

## Sources

- [globalcement.com](https://www.globalcement.com/news?start=5080), 2022-11-23: "We see material financial and operational benefits from the addition of the Dalmia Bharat Refractories business to our existing network."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.